Published on 3/3/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $40 million five-year non-call 0.5-year step up notes at 2.00% initial rate
New York, March 3 - Freddie Mac added on $40 million of 2.00% 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.
First Tennessee Bank NA Memphis, Piper Jaffray & Co., Raymond James & Associates Inc. and Vining Sparks are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $40 million
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Maturity: | March 29, 2022
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Coupon: | 2.00% from March 29, 3.00% from Sept. 29
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Price: | Par
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Call: | Bermuda call beginning Sept. 29
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Pricing date: | March 2
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Settlement date: | March 29
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Underwriters: | First Tennessee Bank NA Memphis, Piper Jaffray & Co., Raymond James & Associates Inc. and Vining Sparks
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Cusip: | 3134GBBL5
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