Published on 1/16/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 10-year callable step up notes at 1% initial rate
New York, Jan. 16 - Federal Home Loan Banks priced $15 million of 1% initial rate 10-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Jan. 29, 2025 and have a Canary call.
Amherst and MBS 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: | Jan. 29, 2025
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Canary call
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Pricing date: | Jan. 16
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Settlement date: | Jan. 29
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Underwriters: | Amherst and MBS
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Cusip: | 3130A3XS8
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