Published on 4/15/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year callable step up notes at 2% initial rate
New York, April 15 - Federal Home Loan Banks priced $15 million of 2% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on April 29, 2016 and have a Bermuda call.
HSBC Securities (USA) Inc. and Societe Generale Americas Securities LLC are the managers.
| 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 29, 2016
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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: | April 14
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| Settlement date: | April 29
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| Underwriters: | HSBC Securities (USA) Inc. and Societe Generale Americas Securities LLC
|
| Cusip: | 313373KP6
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