The Federal Home Loan Bank of New York (FHLB NY) filed a Current Report on Form 8-K dated October 28, 2026, to disclose a new debt issuance. The Bank reported the creation of a direct financial obligation through the sale of consolidated obligations.
According to the filing, the Bank issued a fixed-rate bond with a principal amount of $10,000,000. The bond has a trade date of October 28, 2026, and is set to settle on November 10, 2026. The security matures on November 7, 2031.
The bond is classified as an Optional Principal Redemption bond, meaning the Bank has the discretion to redeem the principal in whole or in part on predetermined dates. The specific redemption terms are defined as European, which restricts the Bank to redeeming the bond only on a particular date. The bond pays a fixed coupon rate of 5.2 percent.
The FHLB NY notes that consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance. The filing includes Exhibit 99.1, which details the specific terms of the obligation.
