Published on 4/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 3.5-year non-call 0.25-year step up notes at 0.75% initial rate
New York, April 27 - Freddie Mac priced $25 million of 0.75% initial rate 3.5-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 Nov. 19, 2018 and have a Bermuda call beginning Aug. 19.
Deutsche Bank Securities Inc. and BB&T Capital Markets are the managers.
| 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: | Nov. 19, 2018
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| Coupon: | 0.75% from May 19, 1.50% from May 19, 2016, 2.25% from May 19, 2017
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| Price: | Par
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| Call: | Bermuda call beginning Aug. 19
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| Pricing date: | April 23
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| Settlement date: | May 19
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| Underwriters: | Deutsche Bank Securities Inc. and BB&T Capital Markets
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| Cusip: | 3134G6YL1
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