Published on 3/7/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million 15-year callable step up notes at 2% initial rate
New York, March 7 - Federal Home Loan Banks priced $25 million of 2% initial rate 15-year callable step up notes at par, according to the agency's web site.
The bonds will mature on March 23, 2027 and have a Bermuda call.
Hapoalim Securities is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
|
| Amount: | $25 million
|
| Maturity: | March 23, 2027
|
| Coupon: | 2% initial rate
|
| Price: | Par
|
| Call: | Bermuda call
|
| Pricing date: | March 6
|
| Settlement date: | March 23
|
| Underwriter: | Hapoalim Securities
|
| Cusip: | 313378KV2
|
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