By Kenneth Lim
Boston, April 14 - Federal Home Loan Banks priced $3 billion of 1.375% three-year Global Notes on Thursday at a spread of 19 basis points over Treasuries, according to a press release.
The notes were sold at 99.867 to yield 1.419%. Price talk was at a spread of 18.5 bps over Treasuries.
Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC were the lead managers.
The notes are non-callable.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Global Notes
|
| Amount: | $3 billion
|
| Maturity: | May 28, 2014
|
| Coupon: | 1.375%
|
| Price: | 99.867
|
| Yield: | 1.419%
|
| Spread: | 19 bps over Treasuries
|
| Price talk: | 18.5 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC
|
| Pricing date: | April 14
|
| Settlement date: | April 15
|
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