The Federal Home Loan Bank of Pittsburgh filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 14, 2026, disclosing the issuance of consolidated obligations. These obligations, which include bonds and discount notes, are the joint and several liabilities of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance.
The filing details a series of debt issuances on trade dates ranging from October 14 to October 16, 2026. The total principal amount of the securities committed to be issued is $437 million.
The issuance includes a mix of fixed-rate and variable-rate instruments:
- Fixed-Rate Bond: A bond maturing on October 21, 2041, with a coupon rate of 6.7% and a par value of $6 million.
- Variable-Rate Instruments: Five separate variable-rate discount notes with maturities ranging from November 18, 2026, to January 19, 2027. These notes have a total par value of $431 million and are non-callable.
- Additional Fixed-Rate Bond: A bond maturing on September 12, 2036, with a coupon rate of 5.125% and a par value of $6 million.
These consolidated obligations are backed solely by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government.
