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FHLBank plans to sell $500 million add-on to 0.5% Global notes due 2025 new bond
By Devika Patel
Knoxville, Tenn., June 10 – The Federal Home Loan Bank System plans to price another $500 million add-on to its 0.5% Global notes due April 14, 2025 along with a new two-year Global note due June 3, 2022, according to a press release.
The new two-year notes are expected to price Thursday, and the tap will be conducted via Dutch auction on Thursday.
The company previously issued $1.5 billion of the 0.5% notes at 99.504 to yield 0.601%, or a spread of Treasuries plus 26 basis points, in a sale that priced on April 15 and settled on April 16.
FHLBank System is a Washington, D.C.-based government-sponsored enterprise that provides member financial institutions funding support for mortgage lending and community investment.
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