By Jennifer Chiou
New York, July 16 - Federal Home Loan Banks priced $1 billion of floating-rate notes on Thursday at par to yield Libor minus 20 basis points, according to the agency's web site.
The non-callable bonds will mature on Jan. 26, 2011.
Interest is payable quarterly.
Deutsche Bank, New York is the manager.
Settlement will occur on July 24.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 26, 2011
|
| Coupon: | Libor minus 20 bps, payable quarterly
|
| Price: | Par
|
| Yield: | Libor minus 20 bps
|
| Call option: | Non-callable
|
| Manager: | Deutsche Bank, New York
|
| Pricing date: | July 16
|
| Settlement date: | July 24
|
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