Published on 11/3/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million five-year non-call 0.5-year step up notes at 1.625% initial rate
New York, Nov. 3 - Freddie Mac priced $15 million of 1.625% initial rate five-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 Nov. 22, 2022 and have a Bermuda call beginning May 22, 2018.
PNC Capital Markets LLC and Raymond James & Associates 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: | Nov. 22, 2022
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Coupon: | 1.625% from Nov. 22, 1.75% from May 22, 2018, 1.875% from Aug. 22, 2018, 2.00% from Nov. 22, 2018, 2.125% from Feb. 22, 2019, 2.25% from May 22, 2019, 2.375% from Aug. 22, 2019, 2.50% from Nov. 22, 2019, 2.625% from Feb. 22, 2020, 2.75% from May 22, 2020, 3.00% from Aug. 22, 2020, 3.25% from Nov. 22, 2020, 3.50% from Feb. 22, 2021, 3.75% from May 22, 2021, 4.00% from Aug. 22, 2021, 4.25% from Nov. 22, 2021, 4.50% from Feb. 22, 2022, 4.75% from May 22, 2022, 5.00% from Aug. 22, 2022
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Price: | Par
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Call: | Bermuda call beginning May 22, 2018
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Pricing date: | Nov. 1
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Settlement date: | Nov. 22
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Underwriters: | PNC Capital Markets LLC and Raymond James & Associates Inc.
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Cusip: | 3134GBZ88
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