New Issue: FHLB prices $3 billion 1.625% three-year Global Notes at Treasuries plus 26 bps

By Kenneth Lim

Boston, Feb. 18 - Federal Home Loan Banks priced $3 billion of new 1.625% three-year Global Notes on Thursday at an initial spread of 26 basis points over Treasuries.

Price talk was at a spread of 27 bps over Treasuries. The notes were priced at 99.818 to yield 1.686%.

JPMorgan, Morgan Stanley and UBS Securities were the lead managers.

The notes are non-callable.

Issuer:	Federal Home Loan Banks
Issue:	Global Notes
Amount:	$3 billion
Maturity:	March 20, 2013
Coupon:	1.625%
Price:	99.818
Yield:	1.686%
Initial spread:	26 bps over Treasuries
Price talk:	27 bps over Treasuries
Call protection:	Non-callable
Lead managers:	JPMorgan, Morgan Stanley, UBS Securities
Pricing date:	Feb. 18
Settlement date:	Feb. 19

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.