Special Offering

 

In response to rising rates and the high interest level in our last special advance offering, FHLBank Topeka is once again offering discounted pricing on all regular fixed-rate amortizing and bullet advances with terms two years or greater.

 

With analysts believing the 10-year Treasury yield will break through 1.70% by the end of the year, we opened a special opportunity to lock in historically low rates before rates continue to rise. Participating members will receive a 10-basis point discount off our standard pricing on bullet and amortizing advances. We have also added a delayed settlement option.

 

Until the special closes on Nov. 30, you can lock in your rate and amount up to five business days from the trade date.

 


How to Make This Low Funding Work for You
Use this offering to help position your balance sheet for rising rates to increase long-term income, manage interest rate risk and combat margin compression. Our recent Financial Intelligence article discusses a few ways to implement successful strategies in this environment. Please contact the Lending department or your Regional Account Manager to discuss strategies that best fit your specific goals. 


For more information on Amortizing and Bullet Advances, please see our Member Products and Services Guide.


 

CURRENT INDICATIONS

 

Structure

Regular Indication

Special Indication

Dividend Adjusted Indication

10yr Amortizing

1.676%

1.576%

1.346%

15yr Amortizing

2.002%

1.902%

1.642%

2yr Bullet

0.79%

0.69%

0.46%

5yr Bullet

1.47%

1.37%

1.14%

7yr Bullet

1.75%

1.65%

1.42%

 

  • Indications are quoted as of 11/26/2021

  • FHLBank Topeka’s dividend lowers a member’s effective advance rate up to 23 bps when supported by Class B stock.

  • Amortizing priced using straight-line semi-annual payments


THE DETAILS

  • Orders will be accepted Nov. 4, 2021 through close of business Nov. 30, 2021.
  • Advances will fund and price at the time of the order based on the current standard rate less discount.
  • FHLBank Topeka’s normal prepayment language will apply.
  • Minimum advance amount is $10,000.
  • This special cannot be combined with any other FHLBank Topeka discounts.
     

Call Lending at 800.809.2733 to take part in this special.


Orders may be placed between 9 a.m. and 4 p.m. CST. Normal underwriting and collateral requirements apply. Further discounted pricing does not apply to this special advance offering and FHLBank Topeka reserves the right to withdraw this offer at any time.
 

Address:

500 SW Wanamaker Road
Topeka, KS 66606

Phone:

785.233.0507

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