Published on 3/20/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million five-year non-call 0.25-year step up notes at 1.10% initial rate
New York, March 20 - Freddie Mac priced $15 million of 1.10% 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 April 28, 2022 and have a Bermuda call beginning July 28.
First Tennessee Bank NA Memphis 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: | April 28, 2022
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Coupon: | 1.10% from April 28, 1.35% from July 28, 1.60% from Oct. 28, 1.85% from Jan. 28, 2018, 2.10% from April 28, 2018, 2.35% from July 28, 2018, 2.60% from Oct. 28, 2018, 2.85% from Jan. 28, 2019, 3.10% from April 28, 2019, 3.35% from July 28, 2019, 3.60% from Oct. 28, 2019, 3.85% from Jan. 28, 2020, 4.10% from April 28, 2020, 4.35% from July 28, 2020, 4.60% from Oct. 28, 2020, 4.85% from Jan. 28, 2021, 5.10% from April 28, 2021, 5.35% from July 28, 2021, 5.60% from Oct. 28, 2021, 5.85% from Jan. 28, 2022
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Price: | Par
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Call: | Bermuda call beginning July 28
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Pricing date: | March 16
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Settlement date: | April 28
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134GBDB5
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