Published on 6/17/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 12.25-year callable step up notes at 3% initial rate
New York, June 17 - Federal Home Loan Banks priced $15 million of 3% initial rate 12.25-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Oct. 12, 2023 and have a Bermuda call.
G.X. Clarke & Co. and Duncan-Williams Inc. are the managers.
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: | Oct. 12, 2023
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Coupon: | 3% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 17
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Settlement date: | July 12
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Underwriters: | G.X. Clarke & Co. and Duncan-Williams Inc.
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Cusip: | 313374GC8
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