By Susanna Moon
Chicago, May 8 - Federal Home Loan Banks said it priced $1 billion of floating-rate bonds due Nov. 22, 2010 at par on Friday to yield Libor minus 18 basis points.
Interest is payable quarterly.
The bonds are non-callable.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate bonds
|
| Amount: | $1 billion
|
| Maturity: | Nov. 22, 2010
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Coupon: | Libor minus 18 bps
|
| Price: | Par
|
| Yield: | Libor minus 18 bps
|
| Call: | Non-callable
|
| Pricing date: | May 8
|
| Settlement date: | May 22
|
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