Published on 5/19/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $25 million 3.25-year non-call 0.25-year step up notes at 1.00% initial rate
New York, May 19 - Freddie Mac added on $25 million of 1.00% initial rate 3.25-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Aug. 26, 2019 and have a Bermuda call beginning Aug. 26.
First Tennessee Bank NA Memphis is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | Aug. 26, 2019
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Coupon: | 1.00% from May 26, 1.125% from May 26, 2017, 1.25% from Nov. 26, 2017, 1.50% from May 26, 2018, 1.75% from Aug. 26, 2018, 2.00% from Nov. 26, 2018, 2.50% from Feb. 26, 2019, 3.125% from May 26, 2019
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Price: | Par
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Call: | Bermuda call beginning Aug. 26
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Pricing date: | May 17
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Settlement date: | May 26
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134G9MX2
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