By Angela McDaniels
Tacoma, Wash., March 5 - Federal Home Loan Banks priced $1 billion of one-year floating-rate bonds with a coupon of the Federal Funds Rate plus 66 basis points on Thursday, according to the agency's web site.
The non-callable bonds were priced at par and mature on March 10, 2010. Interest is payable quarterly.
Credit Suisse is the manager.
Settlement will occur Tuesday.
Issuer: | Federal Home Loan Banks
|
Issue: | Floating-rate bonds
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Amount: | $1 billion
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Maturity: | March 10, 2010
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Coupon: | Federal Funds Rate plus 66 bps, payable quarterly
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Price: | Par
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Call: | Non-callable
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Manager: | Credit Suisse
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Pricing date: | March 5
|
Settlement date: | March 10
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