By Jennifer Chiou
New York, May 21 - Federal Home Loan Banks priced $1 billion of 18-month floating-rate notes on Thursday at par to yield Libor minus 14 basis points, according to the agency's web site.
The non-callable bonds will mature on Dec. 1, 2010.
Interest is payable quarterly.
Deutsche Bank, New York is the manager.
Settlement will occur on June 1.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Dec. 1, 2010
|
| Coupon: | Libor minus 14 bps, payable quarterly
|
| Price: | Par
|
| Yield: | Libor minus 14 bps
|
| Call: | Non-callable
|
| Manager: | Deutsche Bank, New York
|
| Pricing date: | May 21
|
| Settlement date: | June 1
|
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