E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/7/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: Freddie Mac prices $15 million five-year non-call 0.5-year step up notes at 1.00% initial rate

New York, Oct. 7 - Freddie Mac priced $15 million of 1.00% initial rate five-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 Oct. 29, 2020 and have a Bermuda call beginning April 29, 2016.

Multi-Bank Securities Inc. is the manager.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$15 million
Maturity:Oct. 29, 2020
Coupon:1.00% from Oct. 29, 1.25% from Oct. 29, 2016, 1.50% from Oct. 29, 2017, 1.75% from Oct. 29, 2018, 2.00% from April 29, 2019, 4.00% from Oct. 29, 2019, 6.00% from April 29, 2020
Price:Par
Call:Bermuda call beginning April 29, 2016
Pricing date:Oct. 6
Settlement date:Oct. 29
Underwriter:Multi-Bank Securities Inc.
Cusip:3134G7V32

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.