Published on 5/26/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 3.5-year non-call 0.25-year step up notes at 1.30% initial rate
New York, May 26 - Freddie Mac priced $25 million of 1.30% initial rate 3.5-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 Dec. 22, 2020 and have a Bermuda call beginning Sept. 22.
First Tennessee Bank NA Memphis is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | Dec. 22, 2020
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Coupon: | 1.30% from June 22, 1.40% from Sept. 22, 1.50% from Dec. 22, 1.60% from March 22, 2018, 1.70% from June 22, 2018, 1.80% from Sept. 22, 2018, 1.90% from Dec. 22, 2018, 2.00% from March 22, 2019, 2.10% from June 22, 2019, 2.20% from Sept. 22, 2019, 2.30% from Dec. 22, 2019, 2.50% from March 22, 2020, 2.75% from June 22, 2020, 3.125% from Sept. 22, 2020
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Price: | Par
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Call: | Bermuda call beginning Sept. 22
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Pricing date: | May 25
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Settlement date: | June 22
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134GBTA0
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