Published on 5/13/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 3.5-year callable step up notes at 0.75% initial rate
New York, May 13 - Federal Home Loan Banks priced $15 million of 0.75% initial rate 3.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 28, 2017 and have a Bermuda call.
UMB Bank NA, JVB and Guggenheim 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: | Nov. 28, 2017
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Coupon: | 0.75% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 13
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Settlement date: | May 28
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Underwriters: | UMB Bank NA, JVB and Guggenheim
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Cusip: | 3130A1ZK7
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