New York, Oct. 21 - Federal Home Loan Banks upsized to $500 million its sale of 0.5% initial rate 1.5-year one-time callable step up notes at par, according to the agency's web site.
The bonds will mature on May 10, 2011 and are callable one time.
FHLB originally priced $250 million of the issue.
Bank of America is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
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| Amount: | $500 million
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| Maturity: | May 10, 2011
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| Coupon: | 0.5% initial rate
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| Price: | Par
|
| Call: | One time
|
| Pricing date: | Oct. 16
|
| Settlement date: | Nov. 10
|
| Underwriter: | Bank of America
|
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