Published on 3/12/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million seven-year non-callable ratchet floaters at 0%
New York, March 12 - Federal Home Loan Banks priced $25 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.
Barclays Capital is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Ratchet floaters
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| Amount: | $25 million
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| Maturity: | March 26, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Call: | Non-callable
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| Pricing date: | March 11
|
| Settlement date: | March 26
|
| Underwriter: | Barclays Capital
|
| Cusip: | 3130A1DV7
|
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