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FHLBank plans to price two-year Global bonds on Thursday
By Devika Patel
Knoxville, Tenn., Oct. 11 – The Federal Home Loan Bank System said it plans to issue a new global bond due Oct. 21, 2019 through its Global Debt program. The issue will price on Thursday.
Barclays, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the lead managers. There will be seven co-managers.
FHLBanks 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.
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