Published on 7/12/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million six-year non-call 0.5-year step up notes at 1.00% initial rate
New York, July 12 - Freddie Mac priced $15 million of 1.00% initial rate six-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 July 27, 2022 and have a Bermuda call beginning Jan. 27, 2017.
First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks are the managers.
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: | July 27, 2022
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Coupon: | 1.00% from July 27, 1.25% from July 27, 2018, 1.50% from Jan. 27, 2019, 1.75% from July 27, 2019, 2.00% from Jan. 27, 2020, 2.50% from July 27, 2020, 3.00% from Jan. 27, 2021, 4.00% from July 27, 2021, 5.00% from Jan. 27, 2022
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Price: | Par
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Call: | Bermuda call beginning Jan. 27, 2017
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Pricing date: | July 11
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Settlement date: | July 27
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Underwriters: | First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks
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Cusip: | 3134G9P27
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