Published on 3/28/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million six-year callable step down notes at 3% initial rate
New York, March 28 - Federal Home Loan Banks priced $25 million of 3% initial rate six-year callable step down notes at par, according to the agency's web site.
The bonds will mature on April 11, 2019 and have a Bermuda call.
Piper Jaffray is the manager.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step down notes
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| Amount: | $25 million
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| Maturity: | April 11, 2019
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| Coupon: | 3% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | March 27
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| Settlement date: | April 11
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| Underwriter: | Piper Jaffray
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| Cusip: | 313382QV8
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