Published on 6/15/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million seven-year non-call 0.5-year step up notes at 1.125% initial rate
New York, June 15 - Freddie Mac priced $15 million of 1.125% initial rate seven-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on June 30, 2023 and have a Bermuda call beginning Dec. 30.
RBC Capital Markets Corp. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $15 million
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Maturity: | June 30, 2023
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Coupon: | 1.125% from June 30, 1.50% from June 30, 2018, 2.00% from June 30, 2019, 2.50% from June 30, 2020, 3.00% from Dec. 30, 2020, 3.50% from June 30, 2021, 4.00% from Dec. 30, 2021, 5.00% from June 30, 2022, 7.00% from Dec. 30, 2022
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Price: | Par
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Call: | Bermuda call beginning Dec. 30
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Pricing date: | June 13
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Settlement date: | June 30
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Underwriter: | RBC Capital Markets Corp.
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Cusip: | 3134G9VK0
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