New Issue: FHLB prices $3 billion 1% two-year Global Notes to yield 16.5 bps over Treasuries

By Kenneth Lim

Boston, Feb. 16 - Federal Home Loan Banks priced $3 billion of two-year Global Notes on Wednesday at a spread of 16.5 basis points over Treasuries.

The 1% notes were sold at 99.958 to yield 1.02%. Price talk was at a spread of 17 bps over Treasuries.

Citigroup Global Markets, Morgan Stanley and UBS Securities were the lead managers.

The notes are non-callable.

Issuer:	Federal Home Loan Banks
Issue:	Global Notes
Amount:	$3 billion
Maturity:	March 27, 2013
Coupon:	1%
Price:	99.958
Yield:	1.02%
Spread:	16.5 bps over Treasuries
Price talk:	17 bps over Treasuries
Call:	Non-callable
Lead managers:	Citigroup Global Markets, Morgan Stanley, UBS Securities
Pricing date:	Feb. 16
Settlement date:	Feb. 17
Cusip:	313372RK2

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