Published on 2/25/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million 4.5-year non-call 0.25-year step up notes at 1.125% initial rate
New York, Feb. 25 - Freddie Mac priced $15 million of 1.125% initial rate 4.5-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. 17, 2020 and have a Bermuda call beginning June 17.
Multi-Bank Securities Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $15 million
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Maturity: | Sept. 17, 2020
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Coupon: | 1.125% from March 17, 1.25% from March 17, 2017, 1.375% from Sept. 17, 2017, 1.50% from March 17, 2018, 1.75% from Sept. 17, 2018, 2.00% from March 17, 2019, 4.00% from Sept. 17, 2019, 6.00% from March 17, 2020
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Price: | Par
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Call: | Bermuda call beginning June 17
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Pricing date: | Feb. 23
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Settlement date: | March 17
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Underwriter: | Multi-Bank Securities Inc.
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Cusip: | 3134G8NJ4
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