FHLBank will not tap Global Debt program on July 8 opportunity

By Devika Patel

Knoxville, Tenn., July 8 – The Federal Home Loan Bank System said it will not issue or reopen debt through its Global Debt program on July 8. The next Global opportunity is July 19.

FHLBank System typically launches four to 10 syndicated Global bonds of $3 billion or more in a 12-month period, according to its website. The bank also launches numerous non-syndicated bonds of $1 billion or larger each year.

FHLBank System is a Washington, D.C.-based government-sponsored enterprise that provides member financial institutions funding support for mortgage lending and community investment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.