By Kenneth Lim
Boston, Aug. 19 - Federal Home Loan Banks auctioned a $1.25 billion reopening of 1.625% Global Notes due July 27, 2011 at a yield of 1.243% on Wednesday, according to data from the agency.
The notes were sold at 100.728251 with a bid-to-cover ratio of 3.1.
The series now has an outstanding total of $6.25 billion.
The notes will settle on Thursday.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $1.25 billion
|
| Maturity: | July 27, 2011
|
| Coupon: | 1.625%
|
| Price: | 100.728251
|
| Yield: | 1.243%
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 20
|
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