Published on 7/15/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $135 million five-year callable step up notes at 1% initial rate
New York, July 15 - Federal Home Loan Banks upsized to $135 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 July 20, 2016 and have a Bermuda call.
FHLB originally priced $55 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: | $135 million
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Maturity: | July 20, 2016
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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: | June 20
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Settlement date: | July 20
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Underwriter: | Mesirow
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Cusip: | 313374GE4
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