The Federal Home Loan Bank of Pittsburgh filed a Current Report on Form 8-K on September 28, 2026, disclosing the issuance of consolidated obligations. These obligations are joint and several debt instruments backed by the financial resources of the eleven Federal Home Loan Banks, rather than by the U.S. government.
The filing includes an exhibit detailing a series of debt issuances executed on September 28, 2026, and September 29, 2026. The total principal amount of these offerings is $1.78 billion.
The debt instruments issued are primarily single-index floaters with a variable interest rate structure. The issuances span various maturity dates ranging from January 28, 2027, to April 5, 2027. The securities are classified as non-callable, meaning the Bank cannot redeem them before their maturity dates.
The debt issuance summary lists the following specific details for the offerings:
- Trade Date: September 28, 2026
- Settlement Date: October 1, 2026
- Maturity Date: February 25, 2027
- Next Pay Date: November 25, 2026
- Principal Amount: $25,000,000
Additional issuances include a $100 million bond maturing on April 5, 2027, and a $250 million bond maturing on March 1, 2027. The filing also notes that the Bank may assume the primary repayment obligation for consolidated obligations with a remaining maturity in excess of one year.
