Published on 4/23/2018 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million five-year non-call 0.5-year step up notes at 2.10% initial rate
New York, April 23 - Freddie Mac priced $50 million of 2.10% 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 April 26, 2023 and have a Bermuda call beginning Oct. 26.
First Tennessee Bank NA Memphis is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | April 26, 2023
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Coupon: | 2.10% from April 26, 2021, 2.30% from April 26, 2020, 2.55% from April 26, 2019, 3.125% from Oct. 26, 4.50% from July 26, 7.75% from April 26
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Price: | Par
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Call: | Bermuda call beginning Oct. 26
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Pricing date: | April 19
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Settlement date: | April 26
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134GSKQ7
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