Published on 8/10/2018 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $10 million seven-year non-call 0.25-year step up notes at 3.20% initial rate
New York, Aug. 10 - Freddie Mac priced $10 million of 3.20% initial rate seven-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 Aug. 13, 2025 and have a Bermuda call beginning Nov. 13.
Great Pacific Securities is the manager.
| Issuer: | Freddie Mac
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| Issue: | Step up medium-term notes
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| Amount: | $10 million
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| Maturity: | Aug. 13, 2025
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| Coupon: | 3.20% from Aug. 13, 3.70% from Aug. 13, 2020, 4.20% from Aug. 13, 2023
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| Price: | Par
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| Call: | Bermuda call beginning Nov. 13
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 13
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| Underwriter: | Great Pacific Securities
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| Cusip: | 3134GSUU7
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