Published on 5/13/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $55 million 16-year non-call 0.25-year step up notes at 2% initial rate
New York, May 13 - Federal Home Loan Banks priced $55 million of 2% initial rate 16-year non-call 0.25-year step up notes at par, according to the agency's web site.
The bonds will mature on May 28, 2032 and are callable quarterly beginning Aug. 23.
Vining Sparks is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $55 million
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Maturity: | May 28, 2032
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Coupon: | 2% initial rate
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Price: | Par
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Call: | Quarterly beginning Aug. 23
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Pricing date: | May 12
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Settlement date: | May 27
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Underwriter: | Vining Sparks
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Cusip: | 3130A84B6
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