Published on 11/18/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $15 million five-year non-call 0.25-year step up notes at 1.90% initial rate
New York, Nov. 18 - Freddie Mac added on $15 million of 1.90% initial rate five-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 Dec. 30, 2021 and have a Bermuda call beginning March 30, 2017.
Suntrust Robinson Humphrey Inc., RBC Capital Markets Corp., Incapital and Vining Sparks are the managers.
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: | Dec. 30, 2021
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Coupon: | 1.90% from Dec. 30, 2.00% from Dec. 30, 2019, 2.50% from Dec. 30, 2020, 3.00% from June 30, 2021
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Price: | Par
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Call: | Bermuda call beginning March 30, 2017
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Pricing date: | Nov. 17
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Settlement date: | Dec. 30
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Underwriters: | Suntrust Robinson Humphrey Inc., RBC Capital Markets Corp., Incapital and Vining Sparks
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Cusip: | 3134GAA87
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