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CORRECTED-(official)-FHLB to sell at least $3 bln 2-year debt

Tue Sep 23, 2008 1:24pm EDT

(FHLB corrects to clarify that the issue will have a minimum size of $3 billion, rather than be sized at $3 billion)

Bonds  |  Global Markets

NEW YORK, Sept 23 (Reuters) - The Federal Home Loan Bank System said it plans to sell a minimum of $3 billion of new 2-year global securities this week.

Banc of America, Barclays and Deutsche Bank were hired as joint lead managers of the new offering, FHLB said in a statement.

The bonds will mature on Oct. 20, 2010. (Reporting by Lynn Adler; Editing by Theodore d'Afflisio)



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