Published on 5/2/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $50 million three-year non-call 0.5-year step up notes at 0.75% initial rate
New York, May 2 - Freddie Mac added on $50 million of 0.75% initial rate three-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 May 23, 2019 and have a Bermuda call beginning Nov. 23.
Stifel Nicolaus and Finacorp Securities are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | May 23, 2019
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Coupon: | 0.75% from May 23, 1.00% from Nov. 23, 1.25% from May 23, 2017, 1.375% from Aug. 23, 2017, 1.50% from Nov. 23, 2017, 1.75% from Feb. 23, 2018, 2.00% from May 23, 2018, 2.50% from Aug. 23, 2018, 3.00% from Nov. 23, 2018, 3.50% from Feb. 23, 2019
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Price: | Par
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Call: | Bermuda call beginning Nov. 23
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Pricing date: | April 28
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Settlement date: | May 23
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Underwriters: | Stifel Nicolaus and Finacorp Securities
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Cusip: | 3134G9GL5
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