Published on 7/14/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.80% initial rate
New York, July 14 - Freddie Mac priced $25 million of 1.80% initial rate five-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 July 30, 2020 and have a Bermuda call beginning Oct. 30.
Suntrust Robinson Humphrey Inc., Pierpont Securities LLC, Incapital and Finacorp Securities 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: | July 30, 2020
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| Coupon: | 1.80% from July 30, 2.00% from July 30, 2018, 3.00% from July 30, 2019, 4.00% from Jan. 30, 2020
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| Price: | Par
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| Call: | Bermuda call beginning Oct. 30
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| Pricing date: | July 10
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| Settlement date: | July 30
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| Underwriters: | Suntrust Robinson Humphrey Inc., Pierpont Securities LLC, Incapital and Finacorp Securities
|
| Cusip: | 3134G7KT7
|
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