Published on 2/16/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.5-year step up notes at 1.125% initial rate
New York, Feb. 16 - Freddie Mac priced $25 million of 1.125% initial rate five-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Feb. 26, 2021 and have a Bermuda call beginning Aug. 26.
Pierpont Securities LLC 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: | Feb. 26, 2021
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Coupon: | 1.125% from Feb. 26, 1.25% from Feb. 26, 2018, 1.50% from Aug. 26, 2018, 2.00% from Feb. 26, 2019, 2.50% from Aug. 26, 2019, 3.50% from Feb. 26, 2020, 5.50% from Aug. 26, 2020
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Price: | Par
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Call: | Bermuda call beginning Aug. 26
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Pricing date: | Feb. 12
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Settlement date: | Feb. 26
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Underwriters: | Pierpont Securities LLC and Finacorp Securities
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Cusip: | 3134G8M63
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