Published on 10/26/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million 10-year non-call 0.5-year step up notes at 2% initial rate
New York, Oct. 26 - Freddie Mac priced $50 million of 2% initial rate 10-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 Nov. 15, 2021 and have a Bermuda call beginning May 15, 2012.
Sterne Agee & Leach Inc. is the manager.
| Issuer: | Freddie Mac
|
| Issue: | Step up medium-term notes
|
| Amount: | $50 million
|
| Maturity: | Nov. 15, 2021
|
| Coupon: | 2% from Nov. 15, 4% from May 15, 2015
|
| Price: | Par
|
| Call: | Bermuda call beginning May 15, 2012
|
| Pricing date: | Oct. 25
|
| Settlement date: | Nov. 15
|
| Underwriter: | Sterne Agee & Leach Inc.
|
| Cusip: | 3134G24D1
|
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