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FHLB to sell $3 bln debt, to price later this week

Mon Aug 25, 2008 2:26pm EDT

NEW YORK, Aug 25 (Reuters) - The Federal Home Loan Bank System will sell $3 billion in new three-year global notes to be priced later this week, the U.S. mortgage finance giant said on Monday.

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Barclays Capital, JP Morgan and Merrill Lynch are joint lead managers for the offering. The syndication team includes seven co-managers.

Interest payments on the three-year notes. which will mature on Sept. 16, 2011, will be made semi-annually on March 16 and Sept. 16, the FHLB said in a statement. (Reporting by Richard Leong; Editing by Tom Hals)

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