New York, June 2 - Federal Home Loan Banks upsized to $350 million its sale of 0.625% initial rate 1.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Dec. 30, 2011 and have a Bermuda call.
FHLB originally priced $125 million of the issue.
Wells Fargo Securities, UBS and Jefferies & Co. are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $350 million
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Maturity: | Dec. 30, 2011
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Coupon: | 0.625% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 1
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Settlement date: | June 30
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Underwriters: | Wells Fargo Securities, UBS and Jefferies & Co.
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