New York, March 7 - Federal Home Loan Banks upsized to $40 million its sale of 0.5% initial rate five-year callable step up notes at par, according to the agency's web site.
The bonds will mature on March 27, 2019 and have a Bermuda call.
FHLB originally priced $30 million of the issue.
Mizuho Securities and Piper Jaffray are the managers.
Issuer: | Federal Home Loan Banks
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Issue: | Step up notes
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Amount: | $40 million
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Maturity: | March 27, 2019
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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: | March 5
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Settlement date: | March 27
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Underwriters: | Mizuho Securities and Piper Jaffray
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Cusip: | 3130A1B49
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