FHLB may repurchase up to $150 million of 5% global bonds due 2017

By Toni Weeks

San Diego, March 23 - The Federal Home Loan Bank of New York said it may repurchase up to $150 million of its $3.6 billion of 5% series 1069 global bonds due Nov. 17, 2017, 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, in whole or in part, 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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