The Federal Home Loan Bank of Pittsburgh (FHLBank) has disclosed a series of debt issuances in a filing dated September 2, 2026. The report details the issuance of consolidated obligations, which are bonds and discount notes sold to the public to raise capital.
The debt offerings include a mix of fixed-rate and variable-rate securities with maturities ranging from one year to over a decade. The total principal amount of the bonds issued is $325 million. The specific details of the issuances are listed in Exhibit 99.1 attached to the filing.
- Fixed-Rate Bonds: The Bank issued a 5-year fixed-rate bond with a 5.44% coupon, maturing on September 9, 2033. It also issued a 10-year fixed-rate bond with a 6.001% coupon, maturing on September 16, 2041. Additionally, a 10-year fixed-rate bond with a 4.75% coupon was issued, maturing on September 12, 2036.
- Variable-Rate Bonds: The Bank issued two 1-year variable-rate bonds. One has a principal amount of $250 million and matures on February 8, 2027. The other has a principal amount of $290 million and matures on April 8, 2027.
The consolidated obligations are backed by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government. The Bank has the option to redeem these bonds early under specific terms, depending on the call style of each security.
