Published on 4/6/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $30 million five-year callable step up notes at 0.5% initial rate
New York, April 6 - Federal Home Loan Banks priced $30 million of 0.5% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 29, 2020 and have a Bermuda call.
BMO Capital Markets Corp. is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $30 million
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Maturity: | April 29, 2020
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Coupon: | 0.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | April 2
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Settlement date: | April 29
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Underwriter: | BMO Capital Markets Corp.
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Cusip: | 3130A4WF5
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