The SEC filing details the bond schedule and redemption options for Federal Home Loan Bank of New York.
The bonds included in the schedule have various characteristics including call types, call styles, rate types, and rate subtypes.
Understanding these features is crucial for investors evaluating these bonds.
Call Type Description
Optional Principal Redemption bonds may be redeemed by the Bank on predetermined call dates, according to the bond terms.
Call Style Description
Different redemption provisions like American, Bermudan, European, Canary, and Multi-European provide options for bond redemption.
Rate Type Description
Conversion, Fixed, and Variable rate types offer different interest payment structures for investors.
Rate Sub-Type Description
Constant, Step Down, Step Up, Step Up/Down, Zero Coupon, and various other subtypes determine how interest payments are made on the bonds.
- The details provided in the filing help investors assess the risk and return profile of the bonds issued by the Federal Home Loan Bank of New York.
- Investors can make informed decisions based on the bond schedule and redemption options outlined in the filing.
Analyzing the bond schedule and redemption options is essential for investors looking to invest in bonds issued by the Federal Home Loan Bank of New York. Understanding the call types, styles, rate types, and subtypes can provide insights into the potential returns and risks associated with these bonds.