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Published on 6/28/2010 in the Prospect News Agency Daily.

New Issue: FHLB upsizes to $90 million 5.5-year callable step up notes at 1.5% initial rate

New York, June 28 - Federal Home Loan Banks upsized to $90 million its sale of 1.5% initial rate 5.5-year callable step up notes at par, according to the agency's web site.

The bonds will mature on Dec. 30, 2015 and have a Canary call.

FHLB originally priced $80 million of the issue.

Amherst and Mesirow are the managers.

Issuer:Federal Home Loan Banks
Issue:Step up notes
Amount:$90 million
Maturity:Dec. 30, 2015
Coupon:1.5% initial rate
Price:Par
Call:Canary call
Pricing date:June 17
Settlement date:June 30
Underwriters:Amherst and Mesirow
Cusip:3133XYX42

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