Published on 5/24/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $108 million five-year non-call 0.25-year step up notes at 1.125% initial rate
New York, May 24 - Freddie Mac priced $108 million of 1.125% initial rate five-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 June 15, 2021 and have a Bermuda call beginning Sept. 15.
Piper Jaffray & Co. is the manager.
| Issuer: | Freddie Mac
|
| Issue: | Step up medium-term notes
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| Amount: | $108 million
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| Maturity: | June 15, 2021
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| Coupon: | 1.125% from June 15, 2.00% from June 15, 2017, 3.00% from June 15, 2019
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| Price: | Par
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| Call: | Bermuda call beginning Sept. 15
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| Pricing date: | May 23
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| Settlement date: | June 15
|
| Underwriter: | Piper Jaffray & Co.
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| Cusip: | 3134G9RM1
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