Published on 7/30/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million five-year callable step down notes at 6.65% initial rate
New York, July 30 - Federal Home Loan Banks priced $25 million of 6.65% initial rate five-year callable step down notes at par, according to the agency's web site.
The bonds will mature on Aug. 20, 2019 and have a Bermuda call.
Morgan Stanley is the manager.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step down notes
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| Amount: | $25 million
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| Maturity: | Aug. 20, 2019
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| Coupon: | 6.65% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | July 30
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| Settlement date: | Aug. 20
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| Underwriter: | Morgan Stanley
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| Cusip: | 3130A2SK3
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