By Kenneth Lim
Boston, Sept. 10 - Federal Home Loan Bank System priced $3 billion of new 1.625% three-year Global Notes wider than price talk for a spread of 30 basis points over Treasuries.
Price talk was at 28 bps over Treasuries.
The notes were sold at a price of 99.678 to yield 1.734%.
Citigroup, JP Morgan and UBS were the lead managers, with HSBC as the senior co-manager.
FHLB is a government-sponsored enterprise that provides members with access to funds for mortgage credit to homebuyers.
| Issuer: | Federal Home Loan Bank System
|
| Issue: | Global Notes
|
| Lead managers: | Citigroup, JPMorgan and UBS
|
| Amount: | $3 billion
|
| Maturity: | Sept. 26, 2012
|
| Coupon: | 1.625%
|
| Price: | 99.678
|
| Yield: | 1.734%
|
| Call: | Non-callable
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 11
|
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