Published on 3/6/2009 in the Prospect News Agency Daily.
New Issue: FHLB prices $1 billion 1.1% one-year bonds at par
By Jennifer Chiou
New York, March 6 - Federal Home Loan Banks priced $1 billion of 1.1% one-year bonds at par on Thursday, according to the agency's web site.
The non-callable bonds mature on March 10, 2010. Interest will be payable semiannually beginning Sept. 10, 2009.
Banc of America Securities LLC is the underwriter.
Settlement will occur on Tuesday.
Issuer: | Federal Home Loan Banks
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Issue: | Bonds
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Amount: | $1 billion
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Maturity: | March 10, 2010
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Underwriter: | Banc of America Securities LLC
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Coupon: | 1.1%, payable semiannually beginning Sept. 10, 2009
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Price: | Par
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Yield: | 1.1%
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Call: | Non-callable
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Pricing date: | March 6
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Settlement date: | March 10
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