Published on 7/24/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million four-year callable step up notes at 1.5% initial rate
New York, July 24 - Federal Home Loan Banks priced $25 million of 1.5% initial rate four-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 26, 2021 and have a Bermuda call.
First Tennessee 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: | July 26, 2021
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| Coupon: | 1.5% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | July 21
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| Settlement date: | July 27
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| Underwriter: | First Tennessee
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| Cusip: | 3130ABWA0
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