The Federal Home Loan Bank of New York (FHLB NY) issued a variety of bonds with different characteristics.
These bonds include Optional Principal Redemption bonds with a fixed coupon rate and Bermudan call style.
FHLB NY also issued Non-Callable Variable Single Index Floater bonds in a sizable amount.
Call Type Description
Optional Principal Redemption bonds are callable bonds with predetermined call dates for redemption.
Call Style Description
Bermudan call style allows for redemption on specified recurring dates until maturity.
Rate Type Description
Variable Single Index Floater bonds have interest rates that can change over the bond's life.
Rate Sub-Type Description
Single Index Floaters pay interest based on index changes, increasing as index rises and vice versa.
- The issuance of various types of bonds by FHLB NY helps in diversifying their funding sources.
- Investors can choose from different bond types based on their risk tolerance and investment preferences.
In conclusion, the range of bonds issued by FHLB NY offers flexibility and choice to investors with varying risk appetites.