New York, May 21 - Federal Home Loan Banks upsized to $25 million its sale of 1.5% initial rate seven-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 17, 2022 and have a Canary call.
FHLB originally priced $15 million of the issue.
Morgan Stanley is the manager.
| Issuer: | Federal Home Loan Banks
|
| Issue: | Step up notes
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| Amount: | $25 million
|
| Maturity: | June 17, 2022
|
| Coupon: | 1.5% initial rate
|
| Price: | Par
|
| Call: | Canary call
|
| Pricing date: | May 18
|
| Settlement date: | June 17
|
| Underwriter: | Morgan Stanley
|
| Cusip: | 3130A5FF1
|
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