Published on 11/2/2010 in the Prospect News Agency Daily.
New Issue: FHLB prices $15 million eight-year callable step up notes at 2% initial rate
New York, Nov. 2 - Federal Home Loan Banks priced $15 million of 2% initial rate eight-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 26, 2018 and are callable quarterly beginning May 26, 2011.
Amherst and Pershing are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $15 million
|
| Maturity: | Nov. 26, 2018
|
| Coupon: | 2% for three years, 2.25% for two years, 2.5% for one year, 3% for six months, 4% for six months, 6% for six months, 8% for six months
|
| Price: | Par
|
| Call: | Callable quarterly at par beginning May 26, 2011
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 26
|
| Underwriters: | Amherst and Pershing
|
| Cusip: | 313371N69
|
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