Published on 7/19/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year callable step up notes at 1.1% initial rate
New York, July 19 - Federal Home Loan Banks priced $15 million of 1.1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 27, 2021 and have a Canary call.
BB&T and RBC Capital Markets 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: | July 27, 2021
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Coupon: | 1.1% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | July 18
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Settlement date: | July 27
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Underwriters: | BB&T and RBC Capital Markets
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Cusip: | 3130A8SY0
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