FHLB may repurchase up to $50 million of 5.25% global bonds due 2014

By Toni Weeks

San Diego, March 14 - The Federal Home Loan Bank of New York said it may repurchase up to $50 million of its $3.71 billion of 5.25% global bonds due June 18, 2014, according to a company announcement.

FHLB New York will contact dealers directly regarding the repurchase, but there is no assurance that it will accept any offers, the announcement said.

The redemption is related to routine asset-liability management.

The issuer is a federally chartered wholesale bank in New York.

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