Published on 9/9/2021 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: FHLBank prices $1 billion of 0.218% two-year Global bonds at 99.788
Chicago, Sept. 9 – The Federal Home Loan Bank System announced that it priced $1 billion of 0.218% two-year Global bonds at 99.788 with a spread of 1.5 basis points over Treasuries.
The bonds will yield 0.233%.
BofA Securities, Inc., Loop Capital Markets LLC, and Wells Fargo Securities, LLC are the lead managers.
FHLBank System is a Washington, D.C.-based government-sponsored enterprise that provides member financial institutions funding support for mortgage lending and community investment.
Issuer: | Federal Home Loan Bank System
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Amount: | $1 billion
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Description: | Global bond
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Maturity: | Aug. 28, 2023
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Bookrunners: | BofA Securities, Inc., Loop Capital Markets LLC, and Wells Fargo Securities, LLC
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Coupon: | 0.218%
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Price: | 99.788
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Yield: | 0.233%
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Spread: | Treasuries plus 1.5 bps
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Trade date: | Sept. 9
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Settlement date: | Sept. 10
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Cusip: | 3130ANYM6
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