New York, Oct. 21 - Federal Home Loan Banks upsized to $500 million its sale of 1% initial rate two-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 9, 2011 and have a Canary call.
FHLB originally priced $250 million of the issue.
Barclays Capital, UBS and RBS Securities are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $500 million
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Maturity: | Nov. 9, 2011
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | Oct. 19
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Settlement date: | Nov. 9
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Underwriters: | Barclays Capital, UBS and RBS Securities
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