Published on 1/10/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million four-year non-call 0.5-year step up notes at 1.50% initial rate
New York, Jan. 10 - Freddie Mac priced $25 million of 1.50% initial rate four-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 Jan. 27, 2021 and have a Bermuda call beginning July 27.
Piper Jaffray & Co. and Cantor Fitzgerald 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: | Jan. 27, 2021
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| Coupon: | 1.50% from Jan. 27, 3.00% from Jan. 27, 2019
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| Price: | Par
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| Call: | Bermuda call beginning July 27
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 27
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| Underwriters: | Piper Jaffray & Co. and Cantor Fitzgerald
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| Cusip: | 3134GAP57
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