Published on 7/16/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: FHLB prices $15 million three-year callable step up notes at 0.625% initial rate
New York, July 16 – Federal Home Loan Banks priced $15 million of 0.625% initial rate three-year callable step up notes at par, according to the agency's web site.
The bonds will mature on Aug. 11, 2017 and have a Bermuda call.
First Tennessee, Vining Sparks and Raymond James 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: | Aug. 11, 2017
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Coupon: | 0.625% initial rate
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Price: | Par
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Call: | Bermuda call
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Pricing date: | July 16
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Settlement date: | Aug. 12
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Underwriters: | First Tennessee, Vining Sparks and Raymond James
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Cusip: | 3130A2NS1
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