Published on 5/18/2017 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 1.50% initial rate
New York, May 18 - Freddie Mac priced $15 million of 1.50% 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 June 14, 2024 and have a Bermuda call beginning Dec. 14.
Piper Jaffray & Co. and Robert W. Baird & Co. Inc. 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: | June 14, 2024
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Coupon: | 1.50% from June 14, 1.75% from June 14, 2018, 2.00% from Dec. 14, 2018, 2.25% from June 14, 2019, 2.50% from Dec. 14, 2019, 2.75% from June 14, 2020, 3.00% from Dec. 14, 2020, 3.50% from June 14, 2021, 4.00% from Dec. 14, 2021, 4.50% from June 14, 2022, 5.00% from Dec. 14, 2022, 5.50% from June 14, 2023, 6.00% from Dec. 14, 2023
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Price: | Par
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Call: | Bermuda call beginning Dec. 14
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Pricing date: | May 17
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Settlement date: | June 14
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Underwriters: | Piper Jaffray & Co. and Robert W. Baird & Co. Inc.
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Cusip: | 3134GBQX3
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