By Cristal Cody
Tupelo, Miss., March 13 – Federal Home Loan Bank System sold $3 billion of two-year floating-rate notes at the Secured Overnight Financing Rate plus 11.5 basis points on Wednesday, according to a news release.
Barclays, J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the lead managers.
The notes were distributed to investors that included funds, financial institutions, investment advisers, corporations and state and local governments.
The government-sponsored banks for financial institutions are based in Washington, D.C.
| Issuer: | Federal Home Loan Bank System
|
| Amount: | $3 billion
|
| Description: | Floating-rate notes
|
| Maturity: | March 12, 2021
|
| Bookrunners: | Barclays, J.P. Morgan Securities LLC and Wells Fargo Securities LLC
|
| Co-managers: | CastleOak Securities, LP and MFR Securities, Inc.
|
| Coupon: | SOFR plus 11.5 bps
|
| Trade date: | March 13
|
| Settlement date: | March 15
|
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