Published on 5/15/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 12-year callable step up notes at 1.3% initial rate
New York, May 15 - Federal Home Loan Banks priced $15 million of 1.3% initial rate 12-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 10, 2025 and have a Canary call.
Raymond James is the manager.
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: | June 10, 2025
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Coupon: | 1.3% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | May 14
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Settlement date: | June 10
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Underwriter: | Raymond James
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Cusip: | 313383AJ0
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