Published on 11/3/2010 in the Prospect News Agency Daily.
New Issue: FHLB prices $15 million 10-year callable step up notes at 2.25% initial rate
New York, Nov. 3 - Federal Home Loan Banks priced $15 million of 2.25% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Nov. 24, 2020 and are callable quarterly beginning May 24, 2011
Amherst and Pershing are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | Nov. 24, 2020
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Coupon: | 2.25% for three years, 2.5% for two years, 2.75% for one year, 3% for one year, 4% for one year, 5% for one year, 7% for six months, 9% for six months
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Price: | Par
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Call: | Callable quarterly beginning May 24, 2011
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Pricing date: | Nov. 3
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Settlement date: | Nov. 24
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Underwriters: | Amherst and Pershing
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Cusip: | 313371NN2
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