The Federal Home Loan Bank of New York (FHLBNY) has reported the issuance of two consolidated obligation bonds on its Schedule A, as detailed in a Form 8-K filed with the Securities and Exchange Commission on October 21, 2026.
The first bond, with a CUSIP of 3130BCN25, was issued on October 21, 2026, with a principal amount of $25,000,000. It is a fixed-rate bond with a 5% coupon and is set to mature on October 30, 2028. The bond features a Bermudan call style, meaning it can be redeemed by the Bank on specific recurring dates starting April 30, 2027.
The second bond, identified by CUSIP 3130BCQB2, was issued on October 23, 2026, with a principal amount of $10,000,000. This bond also carries a 5% fixed coupon and is scheduled to mature on April 26, 2030. It is redeemable at the Bank's option on a specific date in 2027, following a European call style structure.
According to the filing, consolidated obligations issued by the FHLBNY are joint and several obligations of the eleven Federal Home Loan Banks and are backed only by the financial resources of those Banks, rather than by the U.S. government.
