New York, Sept. 15 - Federal Home Loan Banks upsized to $105 million its sale of 1% initial rate 15-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Sept. 29, 2025 and have a Bermuda call.
FHLB originally priced $75 million of the issue.
Vining Sparks and BMO Capital Markets GKST Inc. are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $105 million
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Maturity: | Sept. 29, 2025
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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: | Sept. 9
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Settlement date: | Sept. 29
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Underwriters: | Vining Sparks and BMO Capital Markets GKST Inc.
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Cusip: | 313370Z92
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