New York, Jan. 28 - Federal Home Loan Banks upsized to $120 million its sale of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Feb. 10, 2015 and have a Bermuda call.
FHLB originally priced $105 million of the issue.
Morgan Keegan and Vining Sparks are the managers.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step up notes
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| Amount: | $120 million
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| Maturity: | Feb. 10, 2015
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| Coupon: | 1% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | Jan. 22
|
| Settlement date: | Feb. 10
|
| Underwriters: | Morgan Keegan and Vining Sparks
|
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