The SEC filing provides detailed information about various bonds issued by the Federal Home Loan Bank of New York (FHLB NY).
It covers essential elements such as Call Type, Call Style, Rate Type, and Rate Sub-Type, highlighting the terms and conditions of these bonds.
Understanding these aspects is crucial for investors considering investments in FHLB NY bonds.
Call Type Description
Optional Principal Redemption bonds may be redeemed by the Bank on predetermined dates according to the bond terms.
Call Style Description
Bermudan style allows redemption on specified recurring dates after the first redemption date until maturity.
Rate Type Description
Fixed bonds pay interest at constant rates over the bond's life, while Variable bonds may pay interest at different rates.
Rate Sub-Type Description
Constant bonds pay interest at fixed rates, Step Up/Down bonds pay various fixed rates for intervals, and Zero Coupon bonds earn a fixed yield.
- The filing reveals the flexibility and structure of FHLB NY bonds, offering investors options for redemption and interest payments.
- Understanding the call and rate mechanisms aids investors in assessing risk and potential returns on these bonds.
The detailed insights provided in the filing underscore the intricacies of FHLB NY bonds, emphasizing the importance of comprehending Call Type, Call Style, Rate Type, and Rate Sub-Type in bond investments.