Published on 7/18/2018 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call 0.25-year step up notes at 2.75% initial rate
New York, July 18 - Freddie Mac priced $100 million of 2.75% 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 July 26, 2023 and have a Bermuda call beginning Oct. 26.
Citigroup Global Markets is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | July 26, 2023
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Coupon: | 2.75% from July 26, 3.00% from Jan. 26, 2019, 3.25% from July 26, 2019, 3.50% from Jan. 26, 2020, 3.75% from July 26, 2020, 4.00% from Jan. 26, 2021
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Price: | Par
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Call: | Bermuda call beginning Oct. 26
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Pricing date: | July 17
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Settlement date: | July 26
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Underwriter: | Citigroup Global Markets
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Cusip: | 3134GSSR7
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