Published on 4/12/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million seven-year non-call 0.5-year step up notes at 1.75% initial rate
New York, April 12 - Freddie Mac priced $25 million of 1.75% initial rate seven-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 April 28, 2023 and have a Bermuda call beginning Oct. 28.
Incapital 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: | April 28, 2023
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Coupon: | 1.75% from April 28, 2.00% from April 28, 2019, 2.25% from April 28, 2020, 2.50% from April 28, 2021, 3.00% from April 28, 2022
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Price: | Par
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Call: | Bermuda call beginning Oct. 28
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Pricing date: | April 8
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Settlement date: | April 28
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Underwriter: | Incapital
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Cusip: | 3134G8ZK8
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