The Federal Home Loan Bank of Pittsburgh (FHLBank) filed a Current Report on Form 8-K on October 5, 2026, disclosing the issuance of consolidated obligations. These debt securities, which include bonds and discount notes, 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 an exhibit detailing specific debt issuances committed to be issued on various trade dates between October 5, 2026, and October 9, 2026. The total principal amount of these obligations is $3.8 billion.
The issuance consists of a mix of fixed-rate and variable-rate instruments:
- Variable Rate: The majority of the issuance is composed of non-callable variable-rate bonds, specifically Single Index Floaters. These include a $1 billion bond maturing on April 9, 2027, and a $500 million bond maturing on May 13, 2027.
- Fixed Rate: There is one fixed-rate bond issued with a 5.25% coupon rate and a maturity date of September 9, 2033.
The bonds have various maturity dates ranging from February 5, 2027, to September 9, 2033. The settlement dates for these issuances occur shortly after the trade dates, with the first settlement occurring on October 6, 2026.
