Published on 1/21/2011 in the Prospect News Agency Daily.
New Issue: Freddie Mac prices $65 million three-year non-call 0.25-year step up notes at 1% initial rate
New York, Jan. 21 - Freddie Mac priced $65 million of 1% initial rate three-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 Feb. 11, 2014 and have a Bermuda call beginning May 11.
Morgan Keegan & Co. Inc. and Vining Sparks are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $65 million
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Maturity: | Feb. 11, 2014
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Coupon: | 1% from Feb. 11, 1.25% from Feb. 11, 2012, 1.75% from Aug. 11, 2012, 2.25% from Feb. 11, 2013, 3% from Aug. 11, 2013
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Price: | Par
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Call: | Bermuda call beginning May 11
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Pricing date: | Jan. 20
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Settlement date: | Feb. 11
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Underwriters: | Morgan Keegan & Co. Inc. and Vining Sparks
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Cusip: | 3134G1Y73
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