Published on 6/7/2018 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 3.10% initial rate
New York, June 7 - Freddie Mac priced $25 million of 3.10% 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 June 28, 2023 and have a Bermuda call beginning Sept. 28.
Finacorp Securities, Suntrust Robinson Humphrey Inc., Piper Jaffray & Co. and Incapital 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: | June 28, 2023
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| Coupon: | 3.10% from June 28, 3.25% from Dec. 28, 2020, 3.50% from Dec. 28, 2021, 4.00% from June 28, 2022, 5.00% from Dec. 28, 2022
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| Price: | Par
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| Call: | Bermuda call beginning Sept. 28
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| Pricing date: | June 5
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| Settlement date: | June 28
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| Underwriters: | Finacorp Securities, Suntrust Robinson Humphrey Inc., Piper Jaffray & Co. and Incapital
|
| Cusip: | 3134GSPK5
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