Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant

The Federal Home Loan Bank of Atlanta (the “Bank”) obtains most of its funds from the sale of debt securities, called consolidated bonds, in the capital markets. Consolidated bonds, which consist of bonds and discount notes, are, by regulation, the joint and several obligations of the eleven federal mortgage lending banks. Federal mortgage lending banks are regulated by the Federal Housing Finance Agency (the “Financial Agency”), and the Financial Agency regulations authorize the Financial Agency to require any federal mortgage lending bank to it repays all or part of the principal or interest on obligations for which another Federal Home Loan Bank is the principal debtor. Consolidated bonds are sold to the public through the Finance Office using licensed securities brokers. The consolidated bonds are backed only by the financial resources of the eleven federal mortgage banks and are not guaranteed by the United States government.

Schedule A lists all of the Consolidated Bonds and Discount Notes to be issued by the Federal Mortgage Banks, for which the Bank is the principal obligor, on the stated trading dates, except for the Discount Notes of maturities of one year or less that are issued in the normal course of business. Schedule A also includes all consolidated bonds with a residual maturity of more than one year, if any, for which we have assumed the primary repayment obligation from another federal mortgage bank.

We may choose to change our method of reporting information about the issuance or assumption of consolidated obligations at any time. When reviewing the information in this current report on Form 8-K, please note:

• although the issuance of consolidated bonds is important for the Bank, we have not passed judgment on the importance of one or more particular consolidated bonds;

• Annex A does not address foreign exchange interest rate agreements (or other derivative instruments) that we may enter into as a result of our asset and liability management strategies and which may be directly associated with or indirectly, to one or more of the consolidated bonds;

• Schedule A will not allow the reader to follow changes in the total outstanding consolidated obligations for which we are the principal obligor, as Schedule A generally excludes Consolidated Bond Discount Notes with a maturity of ” one year or less and does not specify whether the proceeds from the issuance of the declared consolidated bonds will be used, among other things, to replace the called-in or maturing consolidated bonds. We will report the total outstanding consolidated obligations for which we are the principal obligor in our periodic reports filed with the Securities and Exchange Commission; and

• the principal amounts declared in appendix A represent the principal amount of consolidated bonds declared at par, which may not correspond to the amounts declared in our financial statements prepared in accordance with generally accepted accounting principles contained in our periodic reports filed with the Securities and Exchange Commission, as the nominal amount does not take into account, among other things, discounts, bonuses or concessions.

Planning a

TRANSACTION DATE

CUSIP

SETTLEMENT DATE

DUE DATE

NEXT PAYMENT DATE

CALL TYPE
(1)

CALL STYLE
(2)

RATE TYPE / RATE SUB-TYPE
(3) (4)

FOLLOWING

CALL

DATED

PCT COUPON

BANK
BY ($)

7/6/2021 3130AMTP7 06/29/2021 08/29/2024 12/29/2021 Optional capital buyback Bermudian Fixed constant 09/29/2021 0.4 50,000,000
7/6/2021 3130AMTS1 06/30/2021 06/30/2025 12/30/2021 Optional capital buyback Bermudian Fixed constant 12/30/2021 0.66 15,000,000
8/6/2021 3130AMTY8 06/30/2021 12/30/2024 12/30/2021 Optional capital buyback European Fixed rise 06/30/2022 0.25 15,000,000

(1) Description of the type of call:

Optional capital buyback the (callable) bonds may be redeemed by the Bank in whole or in part at its discretion on predetermined call dates, depending on the terms of the bond.

Indexed amortization notes (indexed principal repayment bonds) repay principal on the basis of a predetermined amortization schedule or formula that is tied to the level of a certain index, depending on the terms of the bond.

Scheduled amortization notes repay the principal according to a predetermined amortization schedule, according to the terms of the obligation.

(2) Description of calling style:

Indicates whether the consolidated obligation is redeemable at the option of the Bank and, if applicable, the type of redemption clause. The types of buy-back provisions are:

American – repayable continuously from the first repayment date until maturity.

Bermuda – redeemable on specified recurring dates from the first redemption date, until maturity.

European – redeemable on a specific date only.

Canary – redeemable on specified recurring dates from the first redemption date until a specified date prior to maturity.

Multi-European – redeemable on specific dates only.

(3) Description of the rate type:

Conversion bonds have coupons that convert from fixed to variable, or variable to fixed, or a mixture of capped coupons and uncapped coupons, or from one variable type to another, or from a US index or other currency to another, according to the terms of the link.

Fixed bonds generally pay interest at a fixed constant rate or over the life of the bond, depending on the terms of the bond.

Variable obligations may pay interest at different rates over the life of the bond, depending on the terms of the bond.

(4) Description of the rate subtype:

Constant bonds generally pay interest at a fixed rate over the life of the bond, depending on the terms of the bond.

To resign bonds generally pay interest at fixed decreasing rates for specified intervals during the life of the bond, depending on the terms of the bond.

Intensify the bonds generally pay interest at increasing fixed rates for specified intervals over the life of the bond, in accordance with the terms of the bond.

Go up go down bonds typically pay interest at various fixed rates for specified intervals over the life of the bond, depending on the terms of the bond.

Zero Coupon the bonds pay a fixed return until maturity or the optional principal repayment date, depending on the terms of the bond, with principal and interest being paid on maturity or on repayment to the extent that they are exercised before maturity.

Capped float bonds have an interest rate that cannot exceed a stated or calculated limit, depending on the terms of the bond.

Double index float bonds have an interest rate determined by two or more indices, depending on the terms of the bond.

Leveraged / De-leveraged the bonds pay interest on the basis of a formula that includes an expressed multiplier, depending on the terms of the bond: multiplier> 1 = leverage; multiplier

Inverted float Bonds have an interest rate that increases when an index decreases and decreases when an index increases, depending on the terms of the bond.

Stepped float bonds pay interest based on an increasing spread on an index, depending on the terms of the bond.

Vary bonds may pay interest at different rates depending on whether a specified index is inside or outside a specified range, depending on the terms of the bond.

Single index float Bonds pay interest at a rate that increases as an index increases and decreases as an index decreases, depending on the terms of the bond.

Ratchet float the bonds pay interest subject to rising floors, depending on the terms of the bond, so that subsequent coupons cannot be lower than the previous coupon.

Warning

Federal Home Loan Bank of Atlanta published this content on June 10, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on Jun 10, 2021 05:43:00 PM UTC.



Source link

About The Author

Related Posts

Leave a Reply

Your email address will not be published.