The Federal Home Loan Bank of Pittsburgh filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 3, 2026, disclosing the issuance of debt securities. The Bank reported that it issued $64 million in consolidated obligations, which are bonds and discount notes sold to the public through the Office of Finance.
The debt issuance is detailed in Exhibit 99.1, which lists seven specific bond issues with varying maturity dates and interest rates. The bonds were issued on August 31, 2026, with settlement dates ranging from September 2 to September 22, 2026.
- $25 million in bonds maturing on September 1, 2028, with a 4.53% coupon and a Bermudan call option.
- $3 million in bonds maturing on September 8, 2028, with a 4.375% coupon and a non-callable structure.
- $5 million in bonds maturing on September 4, 2046, with a 5.98% coupon and an American call option.
- $10 million in bonds maturing on September 22, 2031, with a 5% coupon and a Bermudan call option.
- $1 million in bonds maturing on September 10, 2041, with a 5.4% coupon and an American call option.
- $3 million in bonds maturing on September 10, 2046, with a 5.665% coupon and an American call option.
- $1 million in bonds maturing on September 8, 2034, with a 4.75% coupon and a non-callable structure.
- $15 million in bonds maturing on September 16, 2030, with a 5% coupon and a Bermudan call option.
The consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are backed by the financial resources of the FHLB system, rather than by the United States government.
