New York, Dec. 7 - Federal Home Loan Banks upsized to $50 million its sale of 1.25% initial rate three-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Dec. 28, 2012 and have a Bermuda call.
FHLB originally priced $25 million of the issue.
Bank of America is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
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| Amount: | $50 million
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| Maturity: | Dec. 28, 2012
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| Coupon: | 1.25% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 28
|
| Underwriter: | Bank of America
|
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