FHLB Chicago to buy back up to $500 million of three bond series

By Susanna Moon

Chicago, Dec. 20 - Federal Home Loan Bank of Chicago will repurchase up to $500 million of three series of bonds, according to a press release by the agency's office of finance.

The agency will buy back some of its $3.75 billion series 467 5.25% bonds due June 18, 2014, its $4 billion series 656 5.375% bonds due May 18, 2016 and its $4 billion series 775 4.75% bonds due Dec 16, 2016.

FHLB Chicago will contact dealers directly, and there is no assurance that it will accept any offers, the release said.

The buybacks are part of routine asset-liability management, according to the agency.

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