Published on 5/17/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $150 million three-year non-call 0.25-year step up notes at 1.125% initial rate
New York, May 17 - Freddie Mac priced $150 million of 1.125% initial rate three-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on June 12, 2020 and have a Bermuda call beginning Sept. 12.
Guggenheim is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $150 million
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Maturity: | June 12, 2020
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Coupon: | 1.125% from June 12, 1.25% from Sept. 12, 1.375% from Dec. 12, 1.50% from March 12, 2018, 1.625% from June 12, 2018, 1.75% from Sept. 12, 2018, 1.875% from Dec. 12, 2018, 2.00% from March 12, 2019, 2.25% from June 12, 2019, 2.50% from Sept. 12, 2019, 2.75% from Dec. 12, 2019, 3.00% from March 12, 2020
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Price: | Par
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Call: | Bermuda call beginning Sept. 12
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Pricing date: | May 16
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Settlement date: | June 12
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Underwriter: | Guggenheim
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Cusip: | 3134GBQU9
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