New York, Feb. 24 - Federal Home Loan Banks upsized to $25 million its sale of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on March 15, 2021 and have a Bermuda call.
FHLB originally priced $15 million of the issue.
PNC, Huntington and MBS are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $25 million
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Maturity: | March 15, 2021
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | Feb. 19
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Settlement date: | March 15
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Underwriters: | PNC, Huntington and MBS
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Cusip: | 3130A7E84
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