FHLB plans $3 billion deal of two-year global notes with BNP, others

By Andrea Heisinger

New York, Jan. 18 - Federal Home Loan Banks is planning a $3 billion sale of two-year global notes, according to a press release on Wednesday.

The notes due Jan. 29, 2014 are expected to price on Thursday.

A trader said that talk was at 15.5 basis points over Treasuries, which was "tighter than where they started."

"I heard it was a blowout," he said. "They closed the books on it early this morning."

Bookrunners are BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.

The government-sponsored mortgage lender is based in Washington, D.C.

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