Published on 5/27/2009 in the Prospect News Agency Daily.
New Issue: FHLB sells $1.2 billion one-year bonds at Federal Funds plus 20 bps
By Jennifer Chiou
New York, May 27 - Federal Home Loan Banks said it priced $1.2 billion of bonds due June 1, 2010 at par on Wednesday to yield the Federal Funds rate plus 20 basis points.
Interest is payable quarterly.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Federal Home Loan Banks
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Issue: | Bonds
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Amount: | $1.2 billion
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Maturity: | June 1, 2010
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Underwriter: | Citigroup Global Markets Inc.
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Coupon: | Federal Funds rate plus 20 basis points, payable quarterly beginning Aug. 1, 2009
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Price: | Par
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Yield: | Federal Funds rate plus 20 bps
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Call: | Non-callable
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Pricing date: | May 27
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Settlement date: | June 1
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