The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Current Report on Form 8-K dated October 26, 2026, disclosing the issuance of consolidated obligations. These obligations, which include bonds and discount notes, are the joint and several liabilities of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance.
The filing details a total issuance of $1.6 billion across 15 distinct securities. The debt includes a mix of fixed-rate bonds and variable-rate instruments. The fixed-rate offerings range from a 5.125% coupon maturing in 2036 to a 6% coupon maturing in 2036, with principal amounts ranging from $6 million to $20 million per issue.
Additionally, the FHLBank issued $1.3 billion in non-callable variable-rate securities. These floaters include a specific issue with a principal amount of $130 million and another with $464 million, both maturing in 2027. The issuance also features a European-style fixed-rate bond with a 5.095% coupon and a principal amount of $10 million, maturing in 2031.
The report notes that consolidated obligations are backed solely by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government. The filing includes an exhibit, Schedule A, which details the specific terms of the consolidated obligation bonds and discount notes committed to be issued.
