Published on 8/20/2018 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $15 million 3.25-year non-call 0.25-year step up notes at 2.375% initial rate
New York, Aug. 20 - Freddie Mac priced $15 million of 2.375% initial rate 3.25-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 Dec. 13, 2021 and have a Bermuda call beginning Dec. 13.
Pierpont Securities LLC 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: | Dec. 13, 2021
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Coupon: | 2.375% from Sept. 13, 2.50% from Dec. 13, 2.625% from March 13, 2019, 2.75% from June 13, 2019, 2.875% from Sept. 13, 2019, 3.00% from Dec. 13, 2019, 3.125% from March 13, 2020, 3.25% from June 13, 2020, 3.50% from Sept. 13, 2020, 3.75% from Dec. 13, 2020, 4.00% from March 13, 2021, 4.25% from June 13, 2021, 4.50% from Sept. 13, 2021
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Price: | Par
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Call: | Bermuda call beginning Dec. 13
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Pricing date: | Aug. 16
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Settlement date: | Sept. 13
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Underwriter: | Pierpont Securities LLC
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Cusip: | 3134GSVL6
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