By Kenneth Lim
Boston, June 17 - Federal Home Loan Banks priced $3 billion of new 0.875% two-year Global Notes on Thursday at a spread of 22.5 basis points over Treasuries.
The non-callable notes were sold at 99.871 to yield 0.935%.
Price talk was initially set at 26 bps over Treasuries before being tightened to 24 bps late Wednesday.
Credit Suisse, Deutsche Bank and UBS Securities were the lead managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $3 billion
|
| Maturity: | Aug. 22, 2012
|
| Coupon: | 0.875%
|
| Price: | 99.871
|
| Yield: | 0.935%
|
| Spread: | 22.5 bps over Treasuries
|
| Price talk: | 24 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Credit Suisse, Deutsche Bank, UBS Securities
|
| Pricing date: | June 17
|
| Settlement date: | June 18
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
