Federal Home Loan Bank of New York (FHLB NY) has issued a $1,500,000,000 bond with a maturity date of 03/06/2026.
The bond is non-callable with a fixed constant rate of 3.85%.
This bond provides insights into the different types of call options, redemption provisions, and rate structures in the market.
Call Type Description
Optional Principal Redemption bonds (callable bonds) may be redeemed by the Bank on predetermined call dates.
Call Style Description
Indicates whether the bond is redeemable at the discretion of the Bank and specifies the type of redemption provision.
Rate Type Description
Fixed bonds generally pay interest at constant fixed rates over the bond's life.
Rate Sub-Type Description
Constant bonds pay interest at fixed rates throughout the bond's life.
- Understanding the specifics of this bond helps investors assess the risk and return profile of FHLB NY's debt instruments.
- The fixed constant rate of 3.85% indicates a stable income stream for bondholders over the bond's term.
FHLB NY's bond issuance showcases the intricacies of bond structures and provides investors with a fixed-income investment opportunity.