Published on 5/2/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $55 million five-year callable step up notes at 1% initial rate
New York, May 2 - Federal Home Loan Banks upsized to $55 million its sale of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on May 14, 2019 and have a Bermuda call.
FHLB originally priced $35 million of the issue.
Amherst is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $55 million
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Maturity: | May 14, 2019
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | April 16
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Settlement date: | May 14
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Underwriter: | Amherst
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Cusip: | 3130A1RC4
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