Published on 6/5/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million five-year callable step down notes at 7.5% initial rate
New York, June 5 - Federal Home Loan Banks priced $25 million of 7.5% initial rate five-year callable step down notes at par, according to the agency's web site.
The bonds will mature on June 25, 2020 and have a Bermuda call.
Deutsche Bank 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: | June 25, 2020
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Coupon: | 7.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 5
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Settlement date: | June 26
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Underwriter: | Deutsche Bank
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Cusip: | 3130A5M22
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