By Angela McDaniels
Tacoma, Wash., May 13 - Federal Home Loan Banks priced $1.6 billion of 18-month floating-rate notes at Libor minus 17 basis points on Wednesday, according to the agency's web site.
The non-callable bonds priced at par and will mature on Nov. 19, 2010.
Interest is payable quarterly.
Banc of America Securities LLC is the manager.
Settlement will occur May 20.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate notes
|
| Amount: | $1.6 billion
|
| Maturity: | Nov. 19, 2010
|
| Coupon: | Libor minus 17 bps, payable quarterly
|
| Price: | Par
|
| Call option: | None
|
| Manager: | Banc of America Securities LLC
|
| Pricing date: | May 13
|
| Settlement date: | May 20
|
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