By Jennifer Chiou
New York, April 2 - Federal Home Loan Banks priced $2 billion of 18-month floating-rate bonds with a coupon of three-month Libor minus 5 basis points on Thursday, according to the agency's web site.
The non-callable bonds were priced at par and mature on Oct. 8, 2010. Interest is payable quarterly.
RBS Securities Inc., formerly Greenwich Capital Markets Inc., is the manager.
Settlement will occur on Wednesday.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate bonds
|
| Amount: | $2 billion
|
| Maturity: | Oct. 8, 2010
|
| Coupon: | Three-month Libor minus 5 bps, payable quarterly
|
| Price: | Par
|
| Yield: | Three-month Libor minus 5 bps
|
| Call: | Non-callable
|
| Manager: | RBS Securities Inc.
|
| Pricing date: | April 2
|
| Settlement date: | April 8
|
| Fees: | 0.15
|
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