By Kenneth Lim
Boston, Oct. 14 - Federal Home Loan Banks priced $3.5 billion of three-year 1.625% Global Notes on Wednesday near price talk at a spread of 24.5 basis points over Treasuries.
The notes were sold at 99.784 for a yield of 1.697%. Price talk was at a spread of 24 bps.
Banc of America, Credit Suisse and Deutsche Bank were the lead managers.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Lead managers: | Banc of America, Credit Suisse and Deutsche Bank
|
| Amount: | $3.5 billion
|
| Maturity: | Nov. 21, 2012
|
| Coupon: | 1.625%
|
| Price: | 99.784%
|
| Yield: | 1.697%
|
| Initial spread: | 24.5 bps over Treasuries
|
| Price talk: | 24 bps over Treasuries
|
| Call protection: | Non-callable
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 15
|
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