Published on 7/25/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $16 million 15-year non-call 0.5-year step up notes at 2.30% initial rate
New York, July 25 - Freddie Mac priced $16 million of 2.30% 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.
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: | $16 million
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| Maturity: | July 25, 2031
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| Coupon: | 2.30% from July 27, 2.50% from July 25, 2022, 3.00% from July 25, 2027, 4.00% from July 25, 2029, 5.00% from July 25, 2030, 6.00% from Jan. 25, 2031
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| Price: | Par
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| Call: | Bermuda call beginning Jan. 25, 2017
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Underwriter: | First Tennessee Bank NA Memphis
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| Cusip: | 3134G92R7
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