Published on 6/30/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.125% initial rate
New York, June 30 - Freddie Mac priced $25 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 July 21, 2021 and have a Bermuda call beginning Oct. 21.
Stifel Nicolaus and RBC Capital Markets Corp. are the managers.
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: | July 21, 2021
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Coupon: | 1.125% from July 21, 1.25% from July 21, 2018, 1.375% from Jan. 21, 2019, 1.50% from July 21, 2019, 2.00% from Jan. 21, 2020, 3.00% from July 21, 2020, 4.00% from Jan. 21, 2021
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Price: | Par
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Call: | Bermuda call beginning Oct. 21
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Pricing date: | June 28
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Settlement date: | July 21
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Underwriters: | Stifel Nicolaus and RBC Capital Markets Corp.
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Cusip: | 3134G9F44
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