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
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Issue: | Step up medium-term notes
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Amount: | $10 million
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Maturity: | April 3, 2020
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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
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Price: | Par
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Call: | Bermuda call beginning May 3
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Pricing date: | March 28
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Settlement date: | April 3
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Underwriter: | Samuel A. Ramirez & Co. Inc.
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Cusip: | 3134GBFA5
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