Published on 4/24/2018 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 3.00% initial rate
New York, April 24 - Freddie Mac priced $25 million of 3.00% initial rate five-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 May 24, 2023 and have a Bermuda call beginning Aug. 24.
Finacorp Securities, Janney Montgomery Scott, Incapital and BB&T Capital Markets are the managers.
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: | May 24, 2023
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Coupon: | 3.00% from May 30, 3.25% from May 24, 2021, 4.00% from May 24, 2022, 5.00% from Nov. 24, 2022
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Price: | Par
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Call: | Bermuda call beginning Aug. 24
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Pricing date: | April 23
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Settlement date: | May 30
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Underwriters: | Finacorp Securities, Janney Montgomery Scott, Incapital and BB&T Capital Markets
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Cusip: | 3134GSKX2
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