Published on 6/28/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $20 million 10-year callable step up notes at 2% initial rate
New York, June 28 - Federal Home Loan Banks priced $20 million of 2% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 20, 2021 and have a Canary call.
Stern Agee is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $20 million
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Maturity: | July 20, 2021
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | June 27
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Settlement date: | July 20
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Underwriter: | Stern Agee
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Cusip: | 313374LP3
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