Published on 7/19/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $110 million five-year non-call 0.5-year step up notes at 1.02% initial rate
New York, July 19 - Freddie Mac priced $110 million of 1.02% 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.
First Tennessee Bank NA Memphis is the manager.
| Issuer: | Freddie Mac
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| Issue: | Step up medium-term notes
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| Amount: | $110 million
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| Maturity: | July 27, 2021
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| Coupon: | 1.02% from July 29, 1.50% from July 27, 2018, 2.00% from July 27, 2019, 3.50% from July 27, 2020, 5.00% from Jan. 27, 2021
|
| Price: | Par
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| Call: | Bermuda call beginning Jan. 27, 2017
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| Pricing date: | July 18
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| Settlement date: | July 29
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| Underwriter: | First Tennessee Bank NA Memphis
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| Cusip: | 3134G9V38
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