Published on 3/16/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $30 million 15-year callable step up notes at 2% initial rate
New York, March 16 - Federal Home Loan Banks upsized to $30 million its sale 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 29, 2027 and have a Bermuda call.
FHLB originally priced $20 million of the issue.
Huntingt is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $30 million
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Maturity: | March 29, 2027
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | March 13
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Settlement date: | March 29
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Underwriter: | Huntingt
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Cusip: | 313378NE7
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