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 0.5-year step up notes at 1.50% initial rate
New York, March 20 - Freddie Mac priced $15 million of 1.50% 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 April 25, 2022 and have a Bermuda call beginning Oct. 25.
Finacorp Securities 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 25, 2022
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Coupon: | 1.50% from April 25, 1.75% from Oct. 25, 2.00% from April 25, 2018, 2.25% from Oct. 25, 2018, 2.75% from April 25, 2019, 3.00% from Oct. 25, 2019, 3.50% from April 25, 2020, 4.00% from Oct. 25, 2020, 4.50% from April 25, 2021, 5.00% from Oct. 25, 2021
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Price: | Par
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Call: | Bermuda call beginning Oct. 25
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Pricing date: | March 16
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Settlement date: | April 25
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Underwriter: | Finacorp Securities
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Cusip: | 3134GBDC3
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