New York, June 2 - Federal Home Loan Banks upsized to $25 million its sale of 1.3% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 30, 2016 and have a Canary call.
FHLB originally priced $15 million of the issue.
Vining Sparks and BB&T are the managers.
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: | June 30, 2016
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Coupon: | 1.3% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | June 1
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Settlement date: | June 30
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Underwriters: | Vining Sparks and BB&T
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Cusip: | 3133744F4
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