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Published on 10/19/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: FHLB upsizes to $35 million eight-year callable step up notes at 1.55% initial rate

New York, Oct. 19 - Federal Home Loan Banks upsized to $35 million its sale of 1.55% initial rate eight-year callable step up notes at par, according to the agency's web site.

The bonds will mature on Oct. 25, 2019 and have a Canary call.

FHLB originally priced $25 million of the issue.

First Tennessee is the manager.

Issuer:Federal Home Loan Banks
Issue:Step up notes
Amount:$35 million
Maturity:Oct. 25, 2019
Coupon:1.55% initial rate
Price:Par
Call:Canary call
Pricing date:Oct. 14
Settlement date:Oct. 25
Underwriter:First Tennessee
Cusip:3133763D5

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