New Issue: FHLB $3 billion three-year global bonds yield Treasuries plus 89 bps

By Lisa Kerner

Charlotte, N.C., March 4 - Federal Home Loan Banks said it priced $3 billion of three-year global bonds on Wednesday at Treasuries plus 89 basis points.

The 2.25% notes, which mature April 13, 2012, priced at 99.900 to yield 2.284%.

Barclays Capital Inc., Credit Suisse and Deutsche Bank were the joint lead managers.

Co-managers for the offering included BNP Paribas, Banc of America, Citigroup, FTN, Goldman, RBS Greenwich, HSBC, JP Morgan, Morgan Stanley and UBS Distribution Group.

Issuer: Federal Home Loan Banks

Issue: Global bonds

Amount:	$3 billion
Maturity:	April 13, 2012
Lead managers:	Barclays Capital Inc., Credit Suisse and Deutsche Bank
Co-managers:	BNP Paribas, Banc of America, Citigroup, FTN, Goldman, RBS Greenwich, HSBC, JP Morgan, Morgan Stanley and UBS Distribution Group
Coupon:	2.25%
Price:	99.900
Yield:	2.284%
Spread:	89 bps
Pricing date:	March 4
Settlement date:	March 5 (short first coupon)

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