Published on 9/23/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $30 million nine-year callable step up notes at 1.5% initial rate
New York, Sept. 23 - Federal Home Loan Banks priced $30 million of 1.5% initial rate nine-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Oct. 19, 2020 and have a Bermuda call.
Merrill Lynch is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $30 million
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Maturity: | Oct. 19, 2020
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Coupon: | 1.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | Sept. 22
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Settlement date: | Oct. 19
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Underwriter: | Merrill Lynch
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Cusip: | 313375UA3
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