Published on 4/13/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 5.5-year callable step up notes at 2% initial rate
New York, April 13 - Federal Home Loan Banks priced $15 million of 2% initial rate 5.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Oct. 28, 2016 and have a Canary call.
Incapital 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: | Oct. 28, 2016
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| Coupon: | 2% initial rate
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| Price: | Par
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| Call: | Canary call
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| Pricing date: | April 13
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| Settlement date: | April 28
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| Underwriter: | Incapital
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| Cusip: | 313373JW3
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