Published on 5/24/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million 15-year non-call 0.25-year step up notes at 2.50% initial rate
New York, May 24 - Freddie Mac priced $50 million of 2.50% initial rate 15-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 7, 2032 and have a Bermuda call beginning Sept. 7.
Vining Sparks is the manager.
| Issuer: | Freddie Mac
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| Issue: | Step up medium-term notes
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| Amount: | $50 million
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| Maturity: | June 7, 2032
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| Coupon: | 2.50% from June 7, 3.00% from June 7, 2020, 4.00% from June 7, 2025, 5.00% from June 7, 2029
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| Price: | Par
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| Call: | Bermuda call beginning Sept. 7
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| Pricing date: | May 23
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| Settlement date: | June 7
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| Underwriter: | Vining Sparks
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| Cusip: | 3134GBSL7
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