By Jennifer Chiou
New York, May 6 - Federal Home Loan Banks said it priced $1 billion of floating-rate bonds due May 13, 2011 at par on Wednesday to yield three-month Libor minus 13 basis points.
Interest is payable quarterly.
The bonds are non-callable.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate bonds
|
| Amount: | $1 billion
|
| Maturity: | May 13, 2011
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Coupon: | Three-month Libor minus 13 bps, payable beginning Aug. 8
|
| Price: | Par
|
| Yield: | Three-month Libor minus 13 bps
|
| Call: | Non-callable
|
| Pricing date: | May 6
|
| Settlement date: | May 13
|
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