New York, March 22 - Federal Home Loan Banks added on $56 million of 3.625% 10-year non-callable Tap issue at 98.664442 to yield 3.787%, according to the agency's web site.
The bonds will mature on March 12, 2021.
The spread is 44.6 basis points.
Merrill Lynch and BNP Paribas are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Tap issue
|
| Amount: | $56 million
|
| Maturity: | March 12, 2021
|
| Coupon: | 3.625%
|
| Price: | 98.664442
|
| Yield: | 3.787%
|
| Spread: | 44.6 bps
|
| Call: | Non-callable
|
| Pricing date: | March 22
|
| Settlement date: | March 24
|
| Underwriters: | Merrill Lynch and BNP Paribas
|
| Cusip: | 3133732Y7
|
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