By Kenneth Lim
Boston, May 12 - Federal Home Loan Banks priced a $1 billion reopening of 1.125% two-year Global Notes on Wednesday to yield 1.038%.
The notes sold at 100.172961 through an auction. The bid-to-cover ratio was 3.9 times.
There are now $4 billion of notes in the series.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes reopening
|
| Amount: | $1 billion
|
| Maturity: | May 18, 2012
|
| Coupon: | 1.125%
|
| Price: | 100.172961
|
| Yield: | 1.038%
|
| Call: | Non-callable
|
| Pricing date: | May 12
|
| Settlement date: | May 13
|
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