By Kenneth Lim
Boston, July 20 - Federal Home Loan Banks priced $3 billion of 0.5% two-year Global Notes on Thursday at a spread of 20 basis points over Treasuries.
The notes sold at 99.861 to yield 0.567%. Price talk was at a spread of 21 bps over Treasuries.
BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC were the lead managers.
The notes are non-callable.
Issuer: | Federal Home Loan Banks
|
Issue: | Global Notes
|
Amount: | $3 billion
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Maturity: | Aug. 28, 2013
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Coupon: | 0.5%
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Price: | 99.861
|
Yield: | 0.567%
|
Spread: | 20 bps over Treasuries
|
Price talk: | 21 bps over Treasuries
|
Call: | Non-callable
|
Lead managers: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC
|
Pricing date: | July 20
|
Settlement date: | July 21
|
Cusip: | 313374Y61
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