Published on 4/22/2009 in the Prospect News Agency Daily.
New Issue: FHLB sells $1 billion bonds due November 2010 at Federal Funds rate plus 50 bps
By Jennifer Chiou
New York, April 22 - Federal Home Loan Banks said it priced $1 billion of bonds due Nov. 8, 2010 at par to yield Federal Funds rate plus 50 basis points.
Interest is payable quarterly.
Banc of America Securities LLC is the underwriter.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Bonds
|
| Amount: | $1 billion
|
| Maturity: | Nov. 8, 2010
|
| Underwriter: | Banc of America Securities LLC
|
| Coupon: | Federal Funds rate plus 50 basis points, payable quarterly beginning Aug. 8, 2009
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 50 bps
|
| Pricing date: | April 22
|
| Settlement date: | May 8
|
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