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Published on 4/15/2010 in the Prospect News Agency Daily.

New Issue: FHLB prices $15 million three-year callable step up notes at 1.05% initial rate

New York, April 15 - Federal Home Loan Banks priced $15 million of 1.05% initial rate three-year callable step up notes at par, according to the agency's web site.

The bonds will mature on April 29, 2013 and have a Bermuda call.

RW Baird and Piper Jaffray are the managers.

Issuer:Federal Home Loan Banks
Issue:Step up notes
Amount:$15 million
Maturity:April 29, 2013
Coupon:1.05% initial rate
Price:Par
Call:Bermuda call
Pricing date:April 15
Settlement date:April 29
Underwriters:RW Baird and Piper Jaffray

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