Published on 3/11/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million four-year callable step up notes at 1% initial rate
New York, March 11 - Federal Home Loan Banks priced $15 million of 1% initial rate four-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 10, 2018 and have a Canary call.
UMB Bank NA and JVB 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: | April 10, 2018
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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: | March 11
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Settlement date: | April 10
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Underwriters: | UMB Bank NA and JVB
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Cusip: | 3130A1DN5
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