New York, Jan. 3 - Federal Home Loan Banks added on $100 million of 2.5% 3.5-year non-callable Tap issue at 103.522209 to yield 1.446%, according to the agency's web site.
The bonds will mature on June 13, 2014.
The spread is 43.7 basis points.
HSBC Securities (USA) Inc., Morgan Stanley and Nomura are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Tap issue
|
| Amount: | $100 million
|
| Maturity: | June 13, 2014
|
| Coupon: | 2.5%
|
| Price: | 103.522209
|
| Yield: | 1.446%
|
| Spread: | 43.7 bps
|
| Call: | Non-callable
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 5
|
| Underwriters: | HSBC Securities (USA) Inc., Morgan Stanley and Nomura
|
| Cusip: | 3133XWE70
|
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