New York, March 26 - Federal Home Loan Banks upsized to $25 million its sale of 3% initial rate 15-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 21, 2025 and have a Canary call.
FHLB originally priced $15 million of the issue.
Morgan Keegan and Vining Sparks are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | April 21, 2025
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Coupon: | 3% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | March 25
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Settlement date: | April 21
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Underwriters: | Morgan Keegan and Vining Sparks
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