New York, June 18 - Federal Home Loan Banks upsized to $50 million its sale of 1.25% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 24, 2020 and have a Bermuda call.
FHLB originally priced $35 million of the issue.
Morgan Stanley and Fifth Third Securities Inc. are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $50 million
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Maturity: | June 24, 2020
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Coupon: | 1.25% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 2
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Settlement date: | June 24
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Underwriters: | Morgan Stanley and Fifth Third Securities Inc.
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Cusip: | 3130A5K40
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