Published on 3/9/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $25 million two-year non-call 0.5-year step up notes at 0.75% initial rate
New York, March 9 - Freddie Mac priced a $25 million add on to its 0.75% initial rate two-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 March 29, 2018 and have a Bermuda call beginning Sept. 29.
BNY Mellon Capital Markets LLC, Wells Fargo Securities and Vining Sparks 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: | March 29, 2018
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Coupon: | 0.75% from March 29, 1.00% from Sept. 29, 1.50% from March 29, 2017, 2.00% from Sept. 29, 2017
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Price: | Par
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Call: | Bermuda call beginning Sept. 29
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Pricing date: | March 8
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Settlement date: | March 29
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Underwriters: | BNY Mellon Capital Markets LLC, Wells Fargo Securities and Vining Sparks
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Cusip: | 3134G8QC6
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