Published on 1/13/2010 in the Prospect News Agency Daily.
New Issue: FHLB prices $100 million 1.5-year callable step up notes at 0.5% initial rate
New York, Jan. 13 - Federal Home Loan Banks priced $100 million of 0.5% initial rate 1.5-year callable step up notes at par, according to the agency's web site.
The bonds will mature on July 29, 2011 and have a Bermuda call.
Bank of America is the manager.
| Issuer: | Federal Home Loan Banks
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| Issue: | Step up notes
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| Amount: | $100 million
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| Maturity: | July 29, 2011
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| Coupon: | 0.5% initial rate
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| Price: | Par
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| Call: | Bermuda call
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 29
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| Underwriter: | Bank of America
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