By Susanna Moon
Chicago, April 29 - Federal Home Loan Banks said it priced $1.5 billion of floating-rate bonds due Nov. 8, 2010 at par Wednesday to yield three-month Libor minus 19 basis points.
Interest is payable quarterly.
The bonds are non-callable.
Banc of America Securities LLC is the underwriter.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate bonds
|
| Amount: | $1.5 billion
|
| Maturity: | Nov. 8, 2010
|
| Underwriter: | Banc of America Securities LLC
|
| Coupon: | Three-month Libor minus 19 bps, payable beginning Aug. 8
|
| Price: | Par
|
| Yield: | Three-month Libor minus 19 bps
|
| Call: | Non-callable
|
| Pricing date: | April 29
|
| Settlement date: | May 8
|
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