The Federal Home Loan Bank of Pittsburgh (FHLBank) reported the issuance of consolidated obligations on September 21, 2026, in a filing with the Securities and Exchange Commission. The debt issuance, detailed in Exhibit 99.1, includes bonds and discount notes with a total principal amount of $36,000,000.
The offering consists of three distinct securities:
- Series 2026-1: Issued on September 21, 2026, with a maturity date of September 30, 2041. This bond carries a fixed coupon rate of 6.3 percent and has a principal amount of $15,000,000. It is an American-style bond, meaning it can be redeemed at the Bank's discretion on or after the first call date of December 30, 2026.
- Series 2026-2: Issued on September 21, 2026, with a maturity date of September 28, 2029. This bond has a fixed coupon rate of 5.0 percent and a principal amount of $15,000,000. It is a Bermudan-style bond, redeemable on specified recurring dates starting March 28, 2027.
- Series 2026-3: Issued on September 22, 2026, with a maturity date of September 12, 2036. This bond has a fixed coupon rate of 4.75 percent and a principal amount of $6,000,000. It is a non-callable bond, meaning it cannot be redeemed prior to maturity.
The filing notes that consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are sold through the Office of Finance using authorized securities dealers. These obligations are backed only by the financial resources of the member banks and are not guaranteed by the U.S. government.
