New York, May 30 - Federal Home Loan Banks upsized to $40 million its sale of 0.5% initial rate five-year one-time callable step up notes at par, according to the agency's web site.
The bonds will mature on June 18, 2019 and are callable one time.
FHLB originally priced $25 million of the issue.
First Tennessee, Vining Sparks and Raymond James are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $40 million
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Maturity: | June 18, 2019
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Coupon: | 0.5% initial rate
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Price: | Par
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Call: | One time
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Pricing date: | May 22
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Settlement date: | June 18
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Underwriters: | First Tennessee, Vining Sparks and Raymond James
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Cusip: | 3130A25V4
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