Published on 7/13/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $10 million five-year non-call 0.5-year step up notes at 1.10% initial rate
New York, July 13 - Freddie Mac priced $10 million of 1.10% 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 July 27, 2021 and have a Bermuda call beginning Jan. 27, 2017.
Multi-Bank Securities Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $10 million
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Maturity: | July 27, 2021
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Coupon: | 1.10% from July 27, 1.20% from Jan. 27, 2019, 1.40% from July 27, 2019, 2.00% from Jan. 27, 2020, 4.00% from July 27, 2020, 6.00% from Jan. 27, 2021
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Price: | Par
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Call: | Bermuda call beginning Jan. 27, 2017
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Pricing date: | July 12
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Settlement date: | July 27
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Underwriter: | Multi-Bank Securities Inc.
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Cusip: | 3134G9Q59
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