The Federal Home Loan Banks have priced a $1.5 billion 30-year global bond due July 15, 2036.The 5.50% issue (CUSIP: 3133XGAY0) was priced at 98.656 to yield 5.593%, or 47 basis points higher than comparable U.S. Treasury bonds. The settlement date is July 17. Banc of America, HSBC, and UBS are the joint lead managers for the transaction.

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