The Federal Home Loan Bank of Pittsburgh (FHLBank) reported the issuance of $3.35 billion in consolidated obligations on October 7, 2026. These obligations, which include bonds and discount notes, are joint and several debts of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance.
The debt issuance summary details several specific securities, including a $1.5 billion variable-rate non-callable note maturing on January 14, 2027. The offering also included a $1 billion fixed-rate bond with a 5.125% coupon maturing in 2036, as well as two $500 million variable-rate non-callable notes maturing in early 2027.
Other issuances included a $750 million variable-rate non-callable note maturing in early 2027 and a $600 million fixed-rate bond with a 6.1% coupon maturing in 2033. The FHLBank also issued a $15 million fixed-rate bond with a 5.25% coupon maturing in 2029 and a $10 million fixed-rate bond with a 7.25% coupon maturing in 2056.
These consolidated obligations are backed by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government. The FHLBank noted that the principal amounts reported do not account for any discounts, premiums, or concessions and may not correspond to amounts in financial statements prepared under Generally Accepted Accounting Principles.
