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Published on 2/24/2009 in the Prospect News Agency Daily.

New Issue: FHLB prices $1.7 billion one-year 1.02% bonds

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Federal Home Loan Banks priced $1.7 billion of 1.02% one-year bonds at par on Tuesday, according to the agency's web site.

The non-callable bonds mature on Feb. 26, 2010. Interest will not be paid until maturity.

Credit Suisse is the manager.

Settlement will occur Thursday.

Issuer:Federal Home Loan Banks
Issue:Bonds
Amount:$1.7 billion
Maturity:Feb. 26, 2010
Coupon:1.02%, payable entirely at maturity
Price:Par
Call:Non-callable
Manager:Credit Suisse
Pricing date:Feb. 24
Settlement date:Feb. 26

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