Published on 5/27/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million three-year callable step up notes at 0.5% initial rate
New York, May 27 - Federal Home Loan Banks priced $15 million of 0.5% initial rate three-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 20, 2014 and have a Bermuda call.
Credit Suisse 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: | June 20, 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 27
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Settlement date: | June 20
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Underwriter: | Credit Suisse
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Cusip: | 3133743K4
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