The Federal Home Loan Bank of Pittsburgh filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 21, 2026, disclosing the issuance of debt securities. The filing details the creation of direct financial obligations through the sale of consolidated obligations, which consist of bonds and discount notes.
The bank reported the issuance of eight separate debt instruments with a total principal amount of $825 million. The debt was issued on trade dates ranging from October 21, 2026, to October 23, 2026, with settlement dates occurring between October 23 and October 30, 2026.
The issuance includes a mix of fixed-rate and variable-rate instruments:
- Variable Rate Instruments: Five variable-rate bonds were issued, including a $237.5 million non-callable floater maturing on February 23, 2027, and a $300 million non-callable floater maturing on February 26, 2027.
- Fixed Rate Instruments: Three fixed-rate bonds were issued, including a $6 million American-style fixed bond maturing on October 30, 2041, and a $15 million American-style fixed bond maturing on October 30, 2036.
The consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. The filing notes that these obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.
