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Published on 6/16/2010 in the Prospect News Agency Daily.

New Issue: FHLB prices $250 million one-year callable step up notes at 0.3% initial rate

New York, June 16 - Federal Home Loan Banks priced $250 million of 0.3% initial rate one-year callable step up notes at par, according to the agency's web site.

The bonds will mature on July 12, 2011 and have a Bermuda call.

UBS is the manager.

Issuer:Federal Home Loan Banks
Issue:Step up notes
Amount:$250 million
Maturity:July 12, 2011
Coupon:0.3% initial rate
Price:Par
Call:Bermuda call
Pricing date:June 16
Settlement date:July 12
Underwriter:UBS
Cusip:3133XYWT8

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