Published on 3/21/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $45 million five-year callable step up notes at 0.5% initial rate
New York, March 21 - Federal Home Loan Banks priced $45 million of 0.5% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 17, 2019 and have a Bermuda call.
Duncan-Williams Inc. and Incapital are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $45 million
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Maturity: | April 17, 2019
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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: | March 20
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Settlement date: | April 17
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Underwriters: | Duncan-Williams Inc. and Incapital
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Cusip: | 3130A1GT9
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