Published on 5/1/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 10-year callable step up notes at 2% initial rate
New York, May 1 - Federal Home Loan Banks priced $15 million of 2% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on May 18, 2022 and have a Bermuda call.
Morgan Stanley is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | May 18, 2022
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 1
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Settlement date: | May 18
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Underwriter: | Morgan Stanley
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Cusip: | 313379D30
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