Published on 4/17/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million 15-year non-call 0.25-year step up notes at 1% initial rate
New York, April 17 - Federal Home Loan Banks priced $15 million of 1% initial rate 15-year non-call 0.25-year step up notes at par, according to the agency's web site.
The bonds will mature on May 13, 2030 and are callable quarterly beginning July 23.
Hapoalim Securities is the manager.
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 13, 2030
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Quarterly beginning July 23
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Pricing date: | April 17
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Settlement date: | May 13
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Underwriter: | Hapoalim Securities
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Cusip: | 3130A53T4
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