By Angela McDaniels
Tacoma, Wash., June 3 - Federal Home Loan Banks said it priced $1.5 billion of bonds due Dec. 6, 2010 at par on Wednesday to yield the Federal Funds rate plus 17.5 basis points.
Interest on the non-callable bonds is payable quarterly.
UBS Securities LLC is the manager.
Settlement is slated for Friday.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Bonds
|
| Amount: | $1.5 billion
|
| Maturity: | Dec. 6, 2010
|
| Manager: | UBS Securities LLC
|
| Coupon: | Federal Funds rate plus 17.5 bps, payable quarterly
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 17.5 bps
|
| Call: | Non-callable
|
| Pricing date: | June 3
|
| Settlement date: | June 5
|
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