Published on 9/8/2016 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, Sept. 8 - 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 Sept. 30, 2021 and have a Bermuda call beginning Dec. 30.
KGS Alpha Capital Markets LP is the manager.
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: | Sept. 30, 2021
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Coupon: | 1.00% from Sept. 30, 1.75% from Sept. 30, 2017, 2.00% from Sept. 30, 2018, 2.25% from Sept. 30, 2019, 2.50% from Sept. 30, 2020
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Price: | Par
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Call: | Bermuda call beginning Dec. 30
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Pricing date: | Sept. 7
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Settlement date: | Sept. 30
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Underwriter: | KGS Alpha Capital Markets LP
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Cusip: | 3134GALY8
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