Published on 5/24/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million four-year callable step up notes at 0.5% initial rate
New York, May 24 - Federal Home Loan Banks priced $15 million of 0.5% initial rate four-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 19, 2017 and have a Bermuda call.
Raymond James and Piper Jaffray 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: | June 19, 2017
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Coupon: | 0.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 24
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Settlement date: | June 19
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Underwriters: | Raymond James and Piper Jaffray
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Cusip: | 313383G96
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