New Issue: FHLB sells $3 billion 2.125% two-year notes at 8.5 bps over Treasuries

By Devika Patel

Knoxville, Tenn., Feb. 8 – The Federal Home Loan Bank System priced $3 billion of 2.125% two-year Global Notes at 99.817 to yield 2.219% on Thursday, according to a news release.

The notes priced with a spread of 8.5 basis points over Treasuries.

Barclays, BofA Merrill Lynch and Wells Fargo Securities LLC were the bookrunners.

The government-sponsored banks for financial institutions are based in Washington, D.C.

Issuer:	Federal Home Loan Bank System
Amount:	$3 billion
Description:	Global Notes
Maturity:	Feb. 11, 2020
Bookrunners:	Barclays, BofA Merrill Lynch and Wells Fargo Securities LLC
Co-managers:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Nomura Securities and TD Securities (USA) LLC
Coupon:	2.125%
Price:	99.817
Yield:	2.219%
Spread:	Treasuries plus 8.5 bps
Trade date:	Feb. 8
Settlement date:	Feb. 9
Distribution:	Global

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