New York, Dec. 21 - Federal Home Loan Banks upsized to $270 million its sale of 0.75% initial rate two-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Dec. 23, 2011 and have a Bermuda call.
FHLB originally priced $250 million of the issue.
Morgan Stanley is the manager.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $270 million
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Maturity: | Dec. 23, 2011
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Coupon: | 0.75% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | Dec. 11
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Settlement date: | Dec. 23
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Underwriter: | Morgan Stanley
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