New York, May 31 - Federal Home Loan Banks upsized to $25 million its sale of 1.25% initial rate 12-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 26, 2025 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
Vining Sparks and DA Davidson & Co. are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
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| Amount: | $25 million
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| Maturity: | June 26, 2025
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| Coupon: | 1.25% initial rate
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| Price: | Par
|
| Call: | Bermuda call
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| Pricing date: | May 28
|
| Settlement date: | June 26
|
| Underwriters: | Vining Sparks and DA Davidson & Co.
|
| Cusip: | 313383H79
|
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