Published on 5/14/2015 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: FHLB prices $3 billion 0.625% two-year global bonds at 11 bps over Treasuries
By Aleesia Forni
Virginia Beach, May 14 – Federal Home Loan Banks priced $3 billion of 0.625% two-year global bonds on Thursday at Treasuries plus 11 basis points, according to a company release.
Pricing was at 99.917 to yield 0.666%.
Lead managers for the issue were Citigroup Global Markets Inc., Deutsche Bank Securities New York and Wells Fargo Securities LLC.
FHLBanks are 12 government-sponsored funding providers.
| Issuer: | Federal Home Loan Banks
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| Amount: | $3 billion
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| Description: | Global bonds
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| Maturity: | May 30, 2017
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| Lead managers: | Citigroup Global Markets Inc., Deutsche Bank Securities New York, Wells Fargo Securities LLC
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| Senior co-manager: | BofA Merrill Lynch
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| Co-managers: | Barclays, Goldman Sachs & Co., HSBC, J.P. Morgan, Morgan Stanley & Co. LLC, | TD Securities
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| Coupon: | 0.625%
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| Price: | 99.917
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| Yield: | 0.666%
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| Spread: | Treasuries plus 11 bps
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| Trade date: | May 14
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| Settlement date: | May 15
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