By Angela McDaniels
Tacoma, Wash., Feb. 24 - Federal Home Loan Banks priced $1.7 billion of one-year floating-rate bonds with a coupon of the Federal Funds Rate plus 64.5 basis points on Tuesday, according to the agency's web site.
The non-callable bonds mature on Feb. 26, 2010. Interest is payable quarterly.
Credit Suisse is the manager.
Settlement will occur Thursday.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate bonds
|
| Amount: | $1.7 billion
|
| Maturity: | Feb. 26, 2010
|
| Coupon: | Federal Funds Rate plus 64.5 bps, payable quarterly
|
| Price: | Par
|
| Call: | Non-callable
|
| Manager: | Credit Suisse
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 26
|
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