Published on 7/26/2017 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million five-year callable step up notes at 1.7% initial rate
New York, July 26 - Federal Home Loan Banks priced $25 million of 1.7% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 27, 2022 and have a Bermuda call.
Raymond James is the manager.
| 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: | July 27, 2022
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| Coupon: | 1.7% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | July 25
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| Settlement date: | July 27
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| Underwriter: | Raymond James
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| Cusip: | 3130ABXJ0
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