Published on 6/21/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $20 million five-year non-call 0.5-year step up notes at 1.00% initial rate
New York, June 21 - Freddie Mac priced $20 million of 1.00% initial rate five-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 23, 2021 and have a Bermuda call beginning Dec. 23.
Raymond James & Associates Inc. and D.A. Davidson & Co. are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $20 million
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Maturity: | June 23, 2021
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Coupon: | 1.00% from June 23, 1.25% from Dec. 23, 2017, 1.50% from June 23, 2019, 2.00% from Dec. 23, 2019, 4.00% from June 23, 2020, 6.00% from Dec. 23, 2020
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Price: | Par
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Call: | Bermuda call beginning Dec. 23
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Pricing date: | June 20
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Settlement date: | June 23
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Underwriters: | Raymond James & Associates Inc. and D.A. Davidson & Co.
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Cusip: | 3134G9XS1
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