Published on 7/5/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $75 million 1.5-year non-call 0.25-year step up notes at 1.20% initial rate
New York, July 5 - Freddie Mac priced $75 million of 1.20% initial rate 1.5-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. 7, 2018 and have a Bermuda call beginning Oct. 18.
Samuel A. Ramirez & Co. Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $75 million
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Maturity: | Dec. 7, 2018
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Coupon: | 1.20% from July 18, 1.375% from Jan. 18, 2018, 1.50% from July 18, 2018
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Price: | Par
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Call: | Bermuda call beginning Oct. 18
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Pricing date: | June 26
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Settlement date: | July 18
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Underwriter: | Samuel A. Ramirez & Co. Inc.
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Cusip: | 3134GBWN8
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