Published on 3/28/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year one-time callable step up notes at 0.625% initial rate
New York, March 28 - Federal Home Loan Banks priced $15 million of 0.625% initial rate five-year one-time callable step up notes at par, according to the agency's web site.
The bonds will mature on April 15, 2021 and are callable one time.
DA Davidson & Co. 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: | April 15, 2021
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| Coupon: | 0.625% initial rate
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| Price: | Par
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| Call: | One time
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| Pricing date: | March 28
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| Settlement date: | April 15
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| Underwriter: | DA Davidson & Co.
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| Cusip: | 3130A7NS0
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