Published on 5/17/2012 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $100 million seven-year callable step up notes at 1.125% initial rate
New York, May 17 - Federal Home Loan Banks priced $100 million of 1.125% initial rate seven-year callable step up notes at par, according to the agency's web site.
The bonds will mature on May 28, 2019 and have a Bermuda call.
Daiwa Securities America Inc. is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $100 million
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Maturity: | May 28, 2019
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Coupon: | 1.125% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 17
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Settlement date: | May 29
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Underwriter: | Daiwa Securities America Inc.
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Cusip: | 313379LY3
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