Published on 7/15/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million three-year one-time callable step up notes at 0.5% initial rate
New York, July 15 - Federal Home Loan Banks priced $15 million of 0.5% initial rate three-year one-time callable step up notes at par, according to the agency's web site.
The bonds will mature on July 30, 2018 and are callable one time.
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: | July 30, 2018
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| Coupon: | 0.5% initial rate
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| Price: | Par
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| Call: | One time
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| Pricing date: | July 15
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| Settlement date: | July 30
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| Underwriter: | Hapoalim Securities
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| Cusip: | 3130A5YQ6
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