New Issue: FHLB prices $3 billion 0.75% two-year bonds at Treasuries plus 13.5 bps

By Aleesia Forni

Virginia Beach, July 23 – Federal Home Loan Banks priced $3 billion of 0.75% two-year global bonds on Thursday at Treasuries plus 13.5 basis points, according to a company news release.

Pricing was at 99.776 to yield 0.858%.

The bonds, which will mature on Aug. 28, 2017, priced at the tight end of talk set in the Treasuries plus 14 bps area.

Lead managers for the issue are Barclays, BofA Merrill Lynch and TD Securities (USA) LLC.

FHLBanks are 12 government-sponsored funding providers.

Issuer:	Federal Home Loan Banks
Amount:	$3 billion
Description:	Global bonds
Maturity:	Aug. 28, 2017
Lead managers:	Barclays, BofA Merrill Lynch, TD Securities (USA) LLC
Senior co-manager:	Nomura Securities International Inc.
Co-managers:	Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC, J.P. Morgan Securities LLC, Morgan Stanley, Wells Fargo Securities LLC
Coupon:	0.75%
Price:	99.776
Yield:	0.858%
Spread:	Treasuries plus 13.5 bps
Trade date:	July 23
Settlement date:	July 24
Price guidance:	Treasuries plus 14 bps area

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