New York, July 8 - Federal Home Loan Banks upsized to $25 million its sale of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 25, 2016 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
Amherst and Pershing are the managers.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $25 million
|
| Maturity: | July 25, 2016
|
| Coupon: | 1% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | June 27
|
| Settlement date: | July 25
|
| Underwriters: | Amherst and Pershing
|
| Cusip: | 313374LF5
|
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