Cyber Monday Deal

 

FHLBank will be offering special rates on two convertible advance structures through Dec. 20. Details on the special offering are below:

 

  • Structures offered will be 10yr/3mo Bermudan and 10yr/1yr Bermudan
     
  • Only two funding dates:
      ► Wednesday, Dec. 11 
      ► Friday, Dec. 20 
     
  • Only $300 million available in total for both funding dates. If necessary, we will limit the first funding date to $200 million on a first-come-first-served basis to ensure we have at least $100 million available for the second funding date.
     
  • Orders are limited to $5 million per member, per structure, with a minimum order of $100,000.
     
  • We will contact you with updated indications on your selected funding date to confirm participation.


If you have questions on how Convertible Advances work, please give us a call or see page 24 of our Member Products and Services Guide. 

 

Current Indications (as of Dec. 2)

 

Structure

Indication

Dividend Adjusted Rate*

Line of Credit Rate

3-month bullet

1-year bullet

10-year bullet

10yr/3mo Bermudan


0.87%

 

 

0.62%

 


1.83%

 


1.88%

 

 

N/A

 


2.30%

 

10 yr/1yr Bermudan


1.00%

 

 

0.75%

 


1.83%

 


N/A

 

 

1.93%

 

 

 

​2.30%

 

Note: Convertible Indications are quoted on an actual/360-day basis. Interest on bullet advances are computed on an actual/360-day basis for original maturities of 12 months or less or on an actual/365(6)-day basis for original maturities greater than 12 months.

* Based upon past dividend rates on Class B stock, your FHLBank dividend can provide up to a 25-basis point reduction in your borrowing rate when compared to an alternative investment yield similar to federal funds. Please contact the Lending Desk if you have questions.

 

Contact the Lending Desk at 800.809.2733 as soon as possible to get your orders in for Wednesday, Dec. 11 and Friday, Dec. 20. If you need help deciding on a structure, we’re always available to discuss your options.

We will confirm your participation and communicate pricing via phone on either Wednesday, Dec. 11, or Friday, Dec. 20, by 10 a.m. CST. Advances will fund the same day.
 

Address:

500 SW Wanamaker Road
Topeka, KS 66606

Phone:

785.233.0507

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