New Issue: FHLB prices $3 billion 1.125% two-year Global Notes at 21 bps over Treasuries

By Kenneth Lim

Boston, March 18 - Federal Home Loan Banks priced $3 billion of new 1.125% two-year Global Notes on Thursday at an initial spread of 21 basis points over Treasuries, according to a press release.

The notes sold at 99.964 to yield 1.142%. Price talk was at a spread of 22 bps over Treasuries.

BNP Paribas, Barclays Capital and Deutsche Bank were the lead managers.

The notes are non-callable.

Issuer:	Federal Home Loan Banks
Issue:	Global Notes
Amount:	$3 billion
Maturity:	May 18, 2012
Coupon:	1.125%
Price:	99.964
Yield:	1.142%
Initial spread:	21 bps over Treasuries
Price talk:	22 bps over Treasuries
Call:	Non-callable
Pricing date:	March 18
Settlement date:	March 19
Lead managers:	BNP Paribas, Barclays Capital, Deutsche Bank

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