New York, June 2 - Federal Home Loan Banks upsized to $50 million its sale of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 29, 2015 and have a Bermuda call.
FHLB originally priced $25 million of the issue.
Credit Suisse and Wells Fargo Securities are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $50 million
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Maturity: | June 29, 2015
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Coupon: | 1% 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 29
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Underwriters: | Credit Suisse and Wells Fargo Securities
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