Published on 4/3/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million seven-year non-call 0.5-year step up notes at 2.00% initial rate
New York, April 3 - Freddie Mac priced $15 million of 2.00% initial rate seven-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 26, 2024 and have a Bermuda call beginning Oct. 26.
Morgan Stanley & Co. Inc. 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 26, 2024
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Coupon: | 2.00% from April 26, 3.00% from April 26, 2020, 4.00% from April 26, 2022, 5.00% from April 26, 2023
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Price: | Par
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Call: | Bermuda call beginning Oct. 26
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Pricing date: | March 30
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Settlement date: | April 26
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Underwriter: | Morgan Stanley & Co. Inc.
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Cusip: | 3134GBFZ0
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