Published on 9/29/2009 in the Prospect News Agency Daily.
New Issue: FHLB prices $30 million five-year callable step up notes at 2% initial rate
New York, Sept. 29 - Federal Home Loan Banks priced $30 million of 2% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Oct. 15, 2014 and have a one-time call on Oct. 28, 2011, after which the coupon will be raised to 4%. They were sold at par.
Morgan Keegan, Vining Sparks and Wall Street Access are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $30 million
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Maturity: | Oct. 15, 2014
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Coupon: | 2% initial rate, 4% after Oct. 28, 2011
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Price: | Par
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Call: | Canary call on Oct. 15, 2014
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Pricing date: | Sept. 29
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Settlement date: | Oct. 15
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Underwriters: | Morgan Keegan, Vining Sparks and Wall Street Access
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