By Jennifer Chiou
New York, April 30 - Federal Home Loan Banks upsized its floating-rate bonds due Nov. 5, 2010 to $1 billion, according to the agency's web site.
The non-callable bonds were priced at par on Thursday with a coupon of three-month Libor minus 20 basis points.
Interest is payable quarterly.
J.P. Morgan Securities Inc. is the underwriter.
Settlement will occur on May 7.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Bonds
|
| Amount: | $1 billion
|
| Maturity: | Nov. 5, 2010
|
| Coupon: | Three-month Libor minus 20 bps, payable quarterly
|
| Price: | Par
|
| Yield: | Three-month Libor minus 20 bps
|
| Call: | Non-callable
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
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