FHLB talks three-year globals at T+24 bps; benchmark size expected

By Kenneth Lim

Boston, Oct. 13 - Federal Home Loan Banks plans to price three-year global notes on Wednesday, with price talk at a spread of 24 basis points over Treasuries, market sources said.

The deal amount has not been set, but the offering is expected to be benchmark size, which is at least $3 billion.

Banc of America, Credit Suisse and Deutsche Bank Securities are the lead managers.

The notes are non-callable.

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