FHLB Pittsburgh

8K Debt Issue Summary

TRADE

DATED

CUSIP

RULES

DATED

MATURITY

DATED

NEXT PAY

DATED

CALL TYPE (1)

CALL

STYLE (2)

RATE

TYPE / PRICE

SUB-TYPE (3) (4)

FOLLOWING

CALL

DATED

COUPON

PCT

BY BANK

05/26/2021

3130AMQN5

6/10/2021

06/10/2041

12/10/2021

Optional capital buyback

American

Fixed constant

6/10/2022

2,690

5,000,000

05/27/2021

3130AMQZ8

06/24/2021

04/24/2026

12/24/2021

Optional capital buyback

Bermudian

Fixed constant

09/24/2021

1000

50,000,000

05/27/2021

3130AMR61

6/10/2021

6/10/2036

12/10/2021

Optional capital buyback

American

Fixed constant

6/10/2022

2,400

5,000,000

05/27/2021

3130AMR79

06/24/2021

06/24/2026

12/24/2021

Optional capital buyback

Bermudian

Fixed constant

09/24/2021

1,050

25,000,000

05/27/2021

3130AMR79

06/24/2021

06/24/2026

12/24/2021

Optional capital buyback

Bermudian

Fixed constant

09/24/2021

1,050

25,000,000

05/27/2021

3130AMRG9

06/24/2021

08/24/2026

12/24/2021

Optional capital buyback

Bermudian

Fixed constant

09/24/2021

1,100

15,000,000

(1) Description of the type of call:

The optional principal repayment obligations (callable bonds) may be repaid by the Bank in whole or in part at its discretion on predetermined repayment dates, depending on the terms of the obligation.
Indexed amortizing notes (indexed principal repayment bonds) repay principal according to a predetermined amortization schedule or formula linked to the level of a certain index, depending on the terms of the bond.
Scheduled amortization notes repay principal according to a predetermined amortization schedule, depending on the terms of the bond.

(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 arrangement. The types of buy-back provisions are:
● Redeemable in the United States continuously from the first redemption date until maturity.
● Redeemable in Bermuda on recurring dates determined from the first redemption date, until maturity.
● Redeemable in Europe on a given date only.
● Canary redeemable on specified recurring dates from the first redemption date to a specified date before maturity.
● Multi-European refundable on certain 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 and uncapped coupons, or from one type of variable to another, or from a US currency index. or other to another, depending on the terms of the bond.
Fixed bonds generally pay interest at fixed rates that are constant or staggered over the life of the bond, depending on the terms of the bond.
Variable bonds 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 typically pay interest at a fixed rate over the life of the bond, depending on the terms of the bond.
Step Down bonds typically pay interest at fixed decreasing rates for specified intervals over the life of the bond, depending on the terms of the bond.
Step Up bonds typically pay interest at fixed rates increasing at specified intervals over the life of the bond, depending on the terms of the bond.
Step Up / Down bonds typically pay interest at various fixed rates at specified intervals over the life of the bond, depending on the terms of the bond.
Zero coupon bonds pay a fixed return until maturity or the optional principal repayment date, depending on the terms of the bond, with principal and interest paid at maturity or upon redemption within the bond. to the extent that they are exercised before maturity.
Capped floating bonds have an interest rate that cannot exceed a stated or calculated limit, depending on the terms of the bond.
Double Floating Index Bonds have an interest rate determined by two or more indices, depending on the terms of the bond.
Leveraged / De-leveraged bonds pay interest based on a formula that includes an expressed multiplier, depending on the terms of the bond: multiplier> 1 = leveraged multiplier, multiplier Reverse float bonds have a rate interest that increases as an index decreases and decreases as an index increases, depending on the terms of the bond.
Progressive float bonds pay interest based on an increasing spread on an index, depending on the terms of the bond.
Range bonds may pay interest at different rates depending on whether the 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.

FHLB Pittsburgh

8K Debt Issue Summary

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

Dated:

Prepared by:

Reviewed by:

Warning

Federal Mortgage Bank of Pittsburgh published this content on June 01, 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, on 01 Jun 2021 03:38:06 PM UTC.



Source link

Leave a Reply

Your email address will not be published.