FHLBank intends to price two-year global bonds via three bookrunners

By Devika Patel

Knoxville, Tenn., March 14 – The Federal Home Loan Bank System said it plans to issue a new two-year global bond due March 30, 2020 through its Global Debt program. The issue will price on Thursday.

Citigroup Global Markets Inc., TD Securities (USA) LLC and Wells Fargo Securities LLC are the lead managers. The co-managers will be Barclays, CastleOak Securities LP, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC and Nomura Securities.

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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