Published on 5/18/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB upsizes to $45 million five-year callable step up notes at 1.25% initial rate
New York, May 18 - Federal Home Loan Banks upsized to $45 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 May 25, 2021 and have a Bermuda call.
FHLB originally priced $35 million of the issue.
Mesirow is the manager.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step up notes
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| Amount: | $45 million
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| Maturity: | May 25, 2021
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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: | April 26
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| Settlement date: | May 25
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| Underwriter: | Mesirow
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| Cusip: | 3130A7WW1
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