Published on 10/13/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 5.5-year callable step up notes at 1.25% initial rate
New York, Oct. 13 - Federal Home Loan Banks priced $15 million of 1.25% initial rate 5.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 28, 2022 and have a Bermuda call.
MBS 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 28, 2022
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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: | Oct. 12
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Settlement date: | Oct. 28
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Underwriter: | MBS
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Cusip: | 3130A9RP8
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