Published on 3/24/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million seven-year callable step up notes at 2% initial rate
New York, March 24 - Federal Home Loan Banks priced $15 million of 2% initial rate seven-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 11, 2018 and have a Bermuda call.
JPMorgan is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | April 11, 2018
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | March 23
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Settlement date: | April 11
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Underwriter: | JPMorgan
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Cusip: | 313373A36
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