Published on 6/6/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $65 million 3.5-year callable step up notes at 0.75% initial rate
New York, June 6 - Federal Home Loan Banks upsized to $65 million its sale of 0.75% initial rate 3.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Dec. 16, 2014 and have a Bermuda call.
FHLB originally priced $55 million of the issue.
Pershing is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $65 million
|
| Maturity: | Dec. 16, 2014
|
| Coupon: | 0.75% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | May 31
|
| Settlement date: | June 16
|
| Underwriter: | Pershing
|
| Cusip: | 3133743Y4
|
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