New York, April 19 - Federal Home Loan Banks upsized to $25 million its sale of 1% initial rate 8.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 15, 2021 and have a Canary call.
FHLB originally priced $15 million of the issue.
BOSC Inc. is the manager.
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: | Nov. 15, 2021
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | April 18
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Settlement date: | May 15
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Underwriter: | BOSC Inc.
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Cusip: | 313382VQ3
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