Published on 7/14/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $30 million 15-year non-call 0.5-year step up notes at 1.50% initial rate
New York, July 14 - Freddie Mac priced $30 million of 1.50% initial rate 15-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 25, 2031 and have a Bermuda call beginning Jan. 25, 2017.
Raymond James & Associates Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $30 million
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Maturity: | July 25, 2031
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Coupon: | 1.50% from July 25, 2.75% from July 25, 2018, 4.00% from July 25, 2024
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Price: | Par
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Call: | Bermuda call beginning Jan. 25, 2017
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Pricing date: | July 13
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Settlement date: | July 25
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Underwriter: | Raymond James & Associates Inc.
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Cusip: | 3134G9S32
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