Published on 3/21/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 8.5-year callable step up notes at 2% initial rate
New York, March 21 - Federal Home Loan Banks priced $15 million of 2% initial rate 8.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Oct. 19, 2020 and have a Bermuda call.
Southwest Securities and Pershing are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | Oct. 19, 2020
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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 21
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Settlement date: | April 19
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Underwriters: | Southwest Securities and Pershing
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Cusip: | 313378TY7
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