The Federal Home Loan Bank of Pittsburgh (FHLBank) reported the issuance of $1.75 billion in consolidated obligations on November 4, 2026. The debt was issued through the Office of Finance and is backed by the financial resources of the eleven Federal Home Loan Banks, rather than the U.S. government.
The issuance consists of a mix of fixed-rate and variable-rate bonds, with maturities ranging from one year to over five years. The fixed-rate offerings include a 4.75% bond maturing on December 12, 2031, and a 5.05% bond maturing on November 24, 2031. The variable-rate offerings include Single Index Floaters with a maturity of February 5, 2027, and a Bermudan Fixed bond with a maturity of December 7, 2027.
The filing details the specific terms of the securities, including call types and rates. For example, a 5.67% bond maturing in 2033 is a Non-Callable American Fixed bond, while a 5.05% bond maturing in 2031 is an Optional Principal Redemption European Fixed bond. The issuance is recorded in Exhibit 99.1 of the filing.
