Published on 4/19/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 15-year callable step up notes at 1% initial rate
New York, April 19 - Federal Home Loan Banks priced $15 million of 1% initial rate 15-year callable step up notes at par, according to the agency's web site.
The bonds will mature on May 14, 2027 and have a Bermuda call.
Vining Sparks and BMO Capital Markets Corp. 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: | May 14, 2027
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | April 19
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Settlement date: | May 14
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Underwriters: | Vining Sparks and BMO Capital Markets Corp.
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Cusip: | 3133796E4
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