By Kenneth Lim
Boston, Dec. 9 - Federal Home Loan Banks priced $3 billion of 1.5% three-year Global Notes on Wednesday to yield 31.5 basis points over Treasuries.
The notes were sold at 99.909 to yield 1.53%. Price talk was initially at a spread of about 37 bps over Treasuries, market sources said.
Banc of America, Citigroup and Goldman Sachs were the lead managers of the calendar offering.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $3 billion
|
| Maturity: | Jan. 16, 2013
|
| Coupon: | 1.5%
|
| Price: | 99.909
|
| Yield: | 1.53%
|
| Initial spread: | 31.5 bps over Treasuries
|
| Price talk: | 37 bps over Treasuries
|
| Call protection: | Non-callable
|
| Lead managers: | Banc of America, Citigroup, Goldman Sachs
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 10
|
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