Federal Home Loan Bank of New York issued callable bonds with a maturity date of 11/22/2030.
The bonds allow the Bank to redeem them at its discretion on predetermined call dates.
Different call types and styles provide flexibility in redemption options for the Bank.
Call Type Description
The bonds may be redeemed by the Bank in whole or in part at its discretion on predetermined call dates.
Call Style Description
Indicates the type of redemption provision including American, Bermudan, European, Canary, and Multi-European styles.
Rate Type Description
The bonds have fixed or variable interest rates that may convert or remain constant over the bond's life.
Rate Sub-Type Description
There are various sub-types including Constant, Step Down, Step Up, Step Up/Down, Zero Coupon, Capped Floater, and more.
- The callable bonds provide the Bank with flexibility in managing its debt obligations.
- Investors should consider the different redemption provisions and interest rate structures before investing in these bonds.
Overall, the issuance of callable bonds by FHLBNY demonstrates strategic financial planning and offers investors a range of investment options with varying risk profiles.