New York, June 6 - Federal Home Loan Banks upsized to $25 million its sale of 1% initial rate 12-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 27, 2024 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: | June 27, 2024
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 5
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Settlement date: | June 27
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Underwriters: | Morgan Keegan and BOSC Inc.
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Cusip: | 313379S34
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