Published on 7/30/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 5.5-year callable step up notes at 1.8% initial rate
New York, July 30 - Federal Home Loan Banks priced $15 million of 1.8% initial rate 5.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Feb. 25, 2020 and have a Bermuda call.
Raymond James is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | Feb. 25, 2020
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Coupon: | 1.8% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | July 30
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Settlement date: | Aug. 25
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Underwriter: | Raymond James
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Cusip: | 3130A2SL1
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