Published on 5/23/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million 3.25-year callable step up notes at 0.5% initial rate
New York, May 23 - Federal Home Loan Banks priced $25 million of 0.5% initial rate 3.25-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Sept. 19, 2017 and have a Bermuda call.
Mizuho Securities is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | Sept. 19, 2017
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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: | May 22
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Settlement date: | June 19
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Underwriter: | Mizuho Securities
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Cusip: | 3130A26D3
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