Published on 6/27/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $35 million 10-year callable step up notes at 3% initial rate
New York, June 27 - Federal Home Loan Banks upsized to $35 million its sale of 3% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 20, 2021 and have a Bermuda call.
FHLB originally priced $25 million of the issue.
Mesirow is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $35 million
|
| Maturity: | July 20, 2021
|
| Coupon: | 3% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | June 20
|
| Settlement date: | July 20
|
| Underwriter: | Mesirow
|
| Cusip: | 313374GN4
|
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