Published on 3/17/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million five-year callable step up notes at 1.25% initial rate
New York, March 17 - Federal Home Loan Banks priced $25 million of 1.25% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on March 30, 2021 and have a Bermuda call.
Societe Generale Americas Securities LLC is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | March 30, 2021
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Coupon: | 1.25% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | March 17
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Settlement date: | March 30
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Underwriter: | Societe Generale Americas Securities LLC
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Cusip: | 3130A7LL7
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