Published on 6/21/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year callable step up notes at 1.25% initial rate
New York, June 21 - Federal Home Loan Banks priced $15 million of 1.25% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 20, 2016 and have a Bermuda call.
Pershing and JVB are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $15 million
|
| Maturity: | July 20, 2016
|
| Coupon: | 1.25% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | June 21
|
| Settlement date: | July 20
|
| Underwriters: | Pershing and JVB
|
| Cusip: | 313374H60
|
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