Published on 5/17/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $25 million five-year callable step up notes at 1% initial rate
New York, May 17 - Federal Home Loan Banks priced $25 million of 1% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on June 15, 2016 and have a Bermuda call.
Vining Sparks and Mesirow are the managers.
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: | June 15, 2016
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Coupon: | 1% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | May 17
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Settlement date: | June 15
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Underwriters: | Vining Sparks and Mesirow
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Cusip: | 313373WE8
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