New York, Aug. 26 - Freddie Mac priced $31 million of 15-year non-call 0.5-year medium-term notes linked to six-month Libor at par, according to the agency's website.
The bonds will mature on Aug. 26, 2025 and have a Bermuda call beginning Feb. 24, 2011.
Interest will accrue at 5% for each day that the six-month Libor rate is between 0% and 5.125%. Interest is payable quarterly.
Citigroup Global Markets is the manager.
Issuer: | Freddie Mac
|
Issue: | Medium-term notes
|
Amount: | $31 million
|
Maturity: | Aug. 26, 2025
|
Coupon: | 5% for each day that the six-month Libor rate is between 0% and 5.125%, payable quarterly
|
Price: | Par
|
Call: | Bermuda call beginning Feb. 24, 2011
|
Settlement date: | Aug. 26
|
Underwriter: | Citigroup Global Markets
|
Cusip: | 3134G1PF5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.