New York, April 27 - Federal Home Loan Banks upsized to $40 million its sale of 3% initial rate 15-year callable one time at 0.5 year step up notes at par, according to the agency's web site.
The bonds will mature on May 18, 2026 and are callable one time on Nov. 16.
FHLB originally priced $20 million of the issue.
Hapoalim Securities is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $40 million
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Maturity: | May 18, 2026
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Coupon: | 3% initial rate
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Price: | Par
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Call: | One time on Nov. 16
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Pricing date: | April 25
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Settlement date: | May 18
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Underwriter: | Hapoalim Securities
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Cusip: | 313373NS7
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