Published on 10/25/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $25 million six-year callable step up notes at 1.25% initial rate
New York, Oct. 25 - Federal Home Loan Banks upsized to $25 million its sale of 1.25% initial rate six-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 22, 2017 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
Mesirow is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | Nov. 22, 2017
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Coupon: | 1.25% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | Oct. 24
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Settlement date: | Nov. 22
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Underwriter: | Mesirow
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Cusip: | 3133766R1
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