Published on 6/21/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 15-year callable step up notes at 1% initial rate
New York, June 21 - Federal Home Loan Banks priced $15 million of 1% initial rate 15-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 16, 2027 and have a Bermuda call.
Morgan Keegan and BOSC Inc. are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $15 million
|
| Maturity: | July 16, 2027
|
| Coupon: | 1% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | June 21
|
| Settlement date: | July 16
|
| Underwriters: | Morgan Keegan and BOSC Inc.
|
| Cusip: | 313379X61
|
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