Published on 3/27/2015 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 1.00% initial rate
New York, March 27 - Freddie Mac priced $25 million of 1.00% 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 April 24, 2020 and have a Bermuda call beginning July 24.
Incapital and Finacorp Securities 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: | April 24, 2020
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Coupon: | 1.00% from April 24, 2.00% from April 24, 2016, 3.00% from Oct. 24, 2018, 4.00% from April 24, 2019, 5.00% from Oct. 24, 2019
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Price: | Par
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Call: | Bermuda call beginning July 24
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Pricing date: | March 25
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Settlement date: | April 24
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Underwriters: | Incapital and Finacorp Securities
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Cusip: | 3134G6QP1
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