Published on 8/9/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million six-year non-call 0.25-year step up notes at 1.60% initial rate
New York, Aug. 9 - Freddie Mac priced $100 million of 1.60% initial rate six-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Aug. 23, 2022 and have a Bermuda call beginning Nov. 23.
TD Securities (USA) LLC is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | Aug. 23, 2022
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Coupon: | 1.60% from Aug. 23, 1.625% from Aug. 23, 2017, 1.75% from Aug. 23, 2019, 2.00% from Aug. 23, 2020, 2.125% from Feb. 23, 2021, 2.25% from Aug. 23, 2021, 2.75% from Feb. 23, 2022
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Price: | Par
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Call: | Bermuda call beginning Nov. 23
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Pricing date: | Aug. 5
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Settlement date: | Aug. 23
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Underwriter: | TD Securities (USA) LLC
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Cusip: | 3134G97A9
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