FHLB system sells $1 bln five-year global notes
NEW YORK, Dec 17 (Reuters) - The Federal Home Loan Bank system, one of the largest providers of money for U.S. housing, on Wednesday said it sold an additional $1 billion of an existing five-year note issue.
The FHLBs sold the 3.625 percent notes at a yield of 2.274 percent, or 0.98 percentage point above Treasury notes, the FHLB Office of Finance said in an e-mail. The spread is slightly higher than where the bond was trading earlier in the day, according to TradeWeb data.
The sale brings the total size of the issue, which is used to make low-cost loans to member banks, to $5 billion.
(Reporting by Al Yoon, Editing by Chizu Nomiyama)
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