E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/30/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: Freddie Mac prices $10 million three-year non-call one-month step up notes at 1.00% initial rate

New York, March 30 - Freddie Mac priced $10 million of 1.00% initial rate three-year non-call one-month step up medium-term notes at par, according to the agency's web site.

The bonds will mature on April 3, 2020 and have a Bermuda call beginning May 3.

Samuel A. Ramirez & Co. Inc. is the manager.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$10 million
Maturity:April 3, 2020
Coupon:1.00% from April 3, 1.05% from May 3, 1.10% from June 3, 1.15% from July 3, 1.20% from Aug. 3, 1.25% from Sept. 3, 1.30% from Oct. 3, 1.35% from Nov. 3, 1.40% from Dec. 3, 1.45% from Jan. 3, 2018, 1.50% from Feb. 3, 2018, 1.55% from March 3, 2018, 1.60% from April 3, 2018, 1.65% from May 3, 2018, 1.70% from June 3, 2018, 1.75% from July 3, 2018, 1.80% from Aug. 3, 2018, 1.85% from Sept. 3, 2018, 1.95% from Oct. 3, 2018, 2.05% from Nov. 3, 2018, 2.15% from Dec. 3, 2018, 2.25% from Jan. 3, 2019, 2.35% from Feb. 3, 2019, 2.45% from March 3, 2019, 2.55% from April 3, 2019, 2.65% from May 3, 2019, 2.75% from June 3, 2019, 2.85% from July 3, 2019, 2.95% from Aug. 3, 2019, 3.05% from Sept. 3, 2019, 3.15% from Oct. 3, 2019, 3.25% from Nov. 3, 2019, 3.35% from Dec. 3, 2019, 3.45% from Jan. 3, 2020, 3.55% from Feb. 3, 2020, 3.65% from March 3, 2020
Price:Par
Call:Bermuda call beginning May 3
Pricing date:March 28
Settlement date:April 3
Underwriter:Samuel A. Ramirez & Co. Inc.
Cusip:3134GBFA5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.