New York, March 16 - Federal Home Loan Banks upsized to $25 million its sale of 2% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 11, 2022 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
Morgan Keegan and BOSC Inc. are the managers.
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: | April 11, 2022
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | March 14
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Settlement date: | April 11
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Underwriters: | Morgan Keegan and BOSC Inc.
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Cusip: | 313378NP2
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