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FEDERAL HOME LOAN BANKS (FHLB) USD 120D SSA AA+ FLOATING RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (US3130AUJN52)

Post Date: 24 January 2023
FHLB has priced a syndicated USD denominated Brownie market bond which matures in 2023. 

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Issuer Details
Issuer Federal Home Loan Banks (FHLB)
LEI 2549001DPIFGXC1TOL40
Industry Government - Development Bank
Country United States
Issuer Description FHLBanks of Washington is the body that the 11 FHLBanks (including Seattle subsidiary) issue through. The 11 banks of the FHLBank System are owned by over 7,300 regulated financial institutions from all 50 states. The mission of the FHLBanks reflects a public purpose (increase access to housing and aid communities by extending credit to member financial institutions). The FHLBanks are independent cooperatives privately capitalized and owned by thousands of financial institutions big and small from all 50 states, U.S. possessions and territories. To become a member of an FHLBank, a financial institution must purchase stock in their FHLBank, which is held at par value and not traded.” Each FHLBank manages its own membership criteria.. Federal Home Loan Banks is a banking system which consists of 11 separate regional banks which are private, cooperative, government-sponsored enterprises. The Banks support residential mortgage lending by their member-stockholders such as commercial banks, credit unions, and insurance companies.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Floating Rate
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
Yield Notes [Login to see full details]
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Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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