Published on 6/24/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year callable step up notes at 1.75% initial rate
New York, June 24 – Federal Home Loan Banks priced $15 million of 1.75% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 24, 2019 and have a Bermuda call.
Incapital and Mesirow 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: | July 24, 2019
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| Coupon: | 1.75% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | June 24
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| Settlement date: | July 24
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| Underwriters: | Incapital and Mesirow
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| Cusip: | 3130A2HZ2
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