New York, May 16 - Federal Home Loan Banks upsized to $25 million its sale of 0.5% initial rate 3.25-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Aug. 26, 2014 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
First Tennessee is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | Aug. 26, 2014
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Coupon: | 0.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 11
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Settlement date: | May 26
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Underwriter: | First Tennessee
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Cusip: | 313373UB6
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