Published on 6/23/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call 0.25-year step up notes at 1.00% initial rate
New York, June 23 - Freddie Mac priced $100 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 June 30, 2021 and have a Bermuda call beginning Sept. 30.
Suntrust Robinson Humphrey Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | June 30, 2021
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Coupon: | 1.00% from June 30, 2020, 1.40% from June 30, 2019, 1.50% from June 30, 2017, 2.00% from Dec. 30, 2.05% from Sept. 30, 2.15% from June 30
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Price: | Par
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Call: | Bermuda call beginning Sept. 30
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Pricing date: | June 22
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Settlement date: | June 30
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Underwriter: | Suntrust Robinson Humphrey Inc.
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Cusip: | 3134G9ZP5
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