Published on 4/27/2010 in the Prospect News Agency Daily.
New Issue: FHLB prices $60 million seven-year callable step up notes at 2.25% initial rate
New York, April 27 - Federal Home Loan Banks priced $60 million of 2.25% initial rate seven-year callable step up notes at par, according to the agency's web site.
The bonds will mature on May 17, 2017 and have a Canary call.
PNC and Pershing are the managers.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step up notes
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| Amount: | $60 million
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| Maturity: | May 17, 2017
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| Coupon: | 2.25% initial rate
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| Price: | Par
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| Call: | Canary call
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| Pricing date: | April 27
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| Settlement date: | May 17
|
| Underwriters: | PNC and Pershing
|
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