Published on 3/29/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million three-year non-call 0.5-year step up notes at 1.00% initial rate
New York, March 29 - Freddie Mac priced $15 million of 1.00% initial rate three-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 27, 2020 and have a Bermuda call beginning Oct. 27.
PNC Capital Markets 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: | April 27, 2020
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Coupon: | 1.00% from April 27, 1.50% from Oct. 27, 2.00% from April 27, 2018, 2.25% from Oct. 27, 2018, 2.50% from April 27, 2019, 3.00% from Oct. 27, 2019
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Price: | Par
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Call: | Bermuda call beginning Oct. 27
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Pricing date: | March 27
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Settlement date: | April 27
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Underwriters: | PNC Capital Markets LLC and Finacorp Securities
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Cusip: | 3134GBEA6
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