New Issue: FHLB adds on $10 million seven-year non-callable Tap issue to yield 2.812%

New York, May 16 - Federal Home Loan Banks added on $10 million of 2.75% seven-year non-callable Tap issue at 99.604312 to yield 2.812%, according to the agency's web site.

The bonds will mature on June 8, 2018.

The spread is 30.0 basis points.

JPMorgan is the manager.

Issuer:	Federal Home Loan Banks
Issue:	Tap issue
Amount:	$10 million
Maturity:	June 8, 2018
Coupon:	2.75%
Price:	99.604312
Yield:	2.812%
Spread:	30.0 bps
Call:	Non-callable
Pricing date:	May 16
Settlement date:	May 18
Underwriter:	JPMorgan
Cusip:	313373UU4

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