United States based Development Bank Federal Home Loan Banks (FHLB) has finalised a private placement in the USD Fixed Rate Brownie Bond market. The financing matures in 2024 and was executed by a single dealer.
A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.
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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 | Fixed Rate |
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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.
Check here for all issuer’s year to date financings.