Published on 6/23/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million five-year callable step up notes at 1.5% initial rate
New York, June 23 - Federal Home Loan Banks priced $15 million of 1.5% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 23, 2019 and have a Bermuda call.
Incapital and Mesirow are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $15 million
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Maturity: | July 23, 2019
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Coupon: | 1.5% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | June 23
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Settlement date: | July 23
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Underwriters: | Incapital and Mesirow
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Cusip: | 3130A2HF6
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