Published on 11/22/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 3.75-year non-call 0.5-year step up notes at 0.5% initial rate
New York, Nov. 22 - Freddie Mac priced $25 million of 0.5% initial rate 3.75-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 Sept. 20, 2017 and have a Bermuda call beginning June 20, 2014.
Stifel Nicolaus 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: | Sept. 20, 2017
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Coupon: | 0.5% from Dec. 20, 0.75% from June 20, 2014, 1% from Dec. 20, 2014, 1.25% from June 20, 2015, 1.5% from Dec. 20, 2015, 2% from June 20, 2016, 2.5% from Dec. 20, 2016, 3% from June 20, 2017
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Price: | Par
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Call: | Bermuda call beginning June 20, 2014
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Pricing date: | Nov. 21
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Settlement date: | Dec. 20
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Underwriter: | Stifel Nicolaus
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Cusip: | 3134G4N20
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