Published on 8/9/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million three-year non-call 0.5-year step up notes at 0.75% initial rate
New York, Aug. 9 - Freddie Mac priced $15 million of 0.75% initial rate three-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 Aug. 27, 2019 and have a Bermuda call beginning Feb. 27, 2017.
Finacorp Securities is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $15 million
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Maturity: | Aug. 27, 2019
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Coupon: | 0.75% from Aug. 30, 1.00% from Feb. 27, 2017, 1.125% from Aug. 27, 2017, 1.25% from Nov. 27, 2017, 1.375% from Feb. 27, 2018, 1.50% from May 27, 2018, 2.00% from Aug. 27, 2018, 2.50% from Nov. 27, 2018, 3.00% from Feb. 27, 2019, 3.50% from May 27, 2019
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Price: | Par
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Call: | Bermuda call beginning Feb. 27, 2017
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Pricing date: | Aug. 5
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Settlement date: | Aug. 30
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Underwriter: | Finacorp Securities
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Cusip: | 3134G97C5
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