Published on 3/1/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million five-year non-call 0.5-year step up notes at 1.75% initial rate
New York, March 1 - Freddie Mac priced $15 million of 1.75% initial rate five-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 March 29, 2022 and have a Bermuda call beginning Sept. 29.
Pierpont Securities LLC and Finacorp Securities 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: | March 29, 2022
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Coupon: | 1.75% from March 29, 2.00% from Sept. 29, 2019, 2.50% from March 29, 2020, 3.00% from Sept. 29, 2020, 4.00% from March 29, 2021, 5.00% from Sept. 29, 2021
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Price: | Par
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Call: | Bermuda call beginning Sept. 29
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Pricing date: | Feb. 28
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Settlement date: | March 29
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Underwriters: | Pierpont Securities LLC and Finacorp Securities
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Cusip: | 3134GBAF9
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