New Issue: FHLB upsizes 0.65% one-year callable notes to $1.25 billion

By Angela McDaniels

Tacoma, Wash., June 30 - FHLB priced an additional $250 million of 0.65% notes due July 28, 2010, bringing the issue size to $1.25 billion.

The notes priced at par, according to the agency's web site.

The bonds have a Bermudan call option starting Oct. 28, 2009.

J.P. Morgan Securities Inc., UBS Securities LLC, RBS Securities Inc. and JCI are the underwriters.

The issue will settle on July 28.

Issuer:	FHLB
Issue:	Notes
Amount:	$1.25 billion, upsized from $1 billion
Maturity:	July 28, 2010
Underwriters:	J.P. Morgan Securities Inc., UBS Securities LLC, RBS Securities Inc. and JCI
Coupon:	0.65%, payable semiannually
Price:	Par
Yield:	1.65%
Call option:	Beginning Oct. 28, 2009
Pricing date:	July 15
Settlement date:	July 28

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