By Kenneth Lim
Boston, Nov. 13 - Federal Home Loan Banks on Friday priced $3 billion of 1% two-year Global Notes to yield 29 basis points over Treasuries.
Price talk was at a spread of around 28 bps over Treasuries.
The notes were sold at 99.767 to yield 1.112%.
Barclays Capital Inc., J.P. Morgan Securities Inc. and UBS were the lead managers.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $3 billion
|
| Maturity: | Dec. 28, 2011
|
| Lead managers: | Barclays Capital Inc., J.P. Morgan Securities Inc., UBS
|
| Coupon: | 1%
|
| Price: | 99.767
|
| Yield: | 1.112%
|
| Initial spread: | 29 bps over Treasuries
|
| Call protection: | Non-callable
|
| Price talk: | 28 bps over Treasuries
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 16
|
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