Published on 5/22/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million 5.5-year non-call 0.5-year step up notes at 1.50% initial rate
New York, May 22 - Freddie Mac priced $15 million of 1.50% initial rate 5.5-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 Dec. 22, 2022 and have a Bermuda call beginning Dec. 22.
Pierpont Securities LLC 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: | Dec. 22, 2022
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Coupon: | 1.50% from June 22, 2.375% from Dec. 22
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Price: | Par
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Call: | Bermuda call beginning Dec. 22
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Pricing date: | May 19
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Settlement date: | June 22
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Underwriter: | Pierpont Securities LLC
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Cusip: | 3134GBRQ7
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