Published on 4/12/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $50 million five-year callable step down notes at 2.35% initial rate
New York, April 12 - Federal Home Loan Banks priced $50 million of 2.35% initial rate five-year callable step down notes at par, according to the agency's web site.
The bonds will mature on April 27, 2021 and have a Bermuda call.
Deutsche Bank is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step down notes
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Amount: | $50 million
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Maturity: | April 27, 2021
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Coupon: | 2.35% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | April 12
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Settlement date: | April 27
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Underwriter: | Deutsche Bank
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Cusip: | 3130A7SH9
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