New York, Sept. 8 - Federal Home Loan Banks upsized to $55 million its sale of 3% initial rate seven-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Sept. 30, 2016 and have a Canary call.
FHLB originally priced $30 million of the issue.
First Tennessee and Incapital are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $55 million
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Maturity: | Sept. 30, 2016
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Coupon: | 3% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | Sept. 1
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Settlement date: | Sept. 30
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Underwriters: | First Tennessee and Incapital
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