Published on 6/17/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $50 million three-year callable step up notes at 0.6% initial rate
New York, June 17 - Federal Home Loan Banks priced $50 million of 0.6% initial rate three-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 14, 2017 and have a Bermuda call.
Guggenheim is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $50 million
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Maturity: | July 14, 2017
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Coupon: | 0.6% 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 14
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Underwriter: | Guggenheim
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Cusip: | 3130A2G91
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