Published on 8/19/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $144 million five-year non-call 0.75-year step up notes at 1.20% initial rate
New York, Aug. 19 - Freddie Mac priced $144 million of 1.20% initial rate five-year non-call 0.75-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Sept. 13, 2021 and have a Bermuda call beginning June 13, 2017.
Cantor Fitzgerald is the manager.
| Issuer: | Freddie Mac
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| Issue: | Step up medium-term notes
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| Amount: | $144 million
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| Maturity: | Sept. 13, 2021
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| Coupon: | 1.20% from Sept. 13, 1.75% from March 13, 2019, 2.50% from Sept. 13, 2020
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| Price: | Par
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| Call: | Bermuda call beginning June 13, 2017
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| Pricing date: | Aug. 18
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| Settlement date: | Sept. 13
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| Underwriter: | Cantor Fitzgerald
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| Cusip: | 3134GAFK5
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