Published on 3/11/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $10 million seven-year non-callable ratchet floaters at 0%
New York, March 11 - Federal Home Loan Banks priced $10 million of 0% seven-year non-callable ratchet floaters at par, according to the agency's web site.
The bonds will mature on March 26, 2021.
Cantor Fitzgerald is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Ratchet floaters
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Amount: | $10 million
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Maturity: | March 26, 2021
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Coupon: | 0%
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Price: | Par
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Call: | Non-callable
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Pricing date: | March 10
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Settlement date: | March 26
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Underwriter: | Cantor Fitzgerald
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Cusip: | 3130A1DD7
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