By Kenneth Lim
Boston, Nov. 17 - Federal Home Loan Banks priced $3 billion of new 0.875% three-year Global Notes on Wednesday at a spread of 17.5 basis points over Treasuries.
The notes were sold at 99.82 to yield 0.934%. Price talk was at a spread of 17.5 bps over Treasuries.
Deutsche Bank, J.P. Morgan and RBC Capital Markets were the lead managers.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $3 billion
|
| Maturity: | Dec. 27, 2013
|
| Coupon: | 0.875%
|
| Price: | 99.82
|
| Yield: | 0.934%
|
| Spread: | 17.5 bps over Treasuries
|
| Price talk: | 17.5 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Deutsche Bank, J.P. Morgan and RBC Capital Markets
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 18
|
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