Medium Term Notes (MTN) Callable
Callable debt is term debt that provides the issuer the right, but not an obligation, to call (or retire) the bonds prior to the final maturity of the issue. Freddie Mac can issue callable debt in a variety of forms, with final maturities typically ranging from one to fifteen years. Our securities can be issued with either single or multiple call provisions, depending upon investors’ and Freddie Mac’s requirements.
Popular types of call provisions include American (continuous call option on or after a certain date), European (single call on a certain date) or Bermudan (periodic calls, e.g., on certain interest payment dates).