The Federal Home Loan Bank of New York (FHLBNY NY) filed a Current Report on Form 8-K on September 23, 2026, disclosing details regarding a new issuance of consolidated obligations. The filing, signed by Director of Funding & Liquidity Management Eugene Khesin, outlines a specific debt offering for bonds maturing in 2031.
The offering details are contained in Exhibit 99.1, Schedule A, which lists the consolidated obligation committed to be issued by the Federal Home Loan Banks for which FHLBNY NY is the primary obligor. The instrument is a bond with a trade date of September 23, 2026, and a maturity date of October 14, 2031.
Key terms of the offering include a par value of $25,000,000, a coupon rate of 5.6%, and a settlement date of October 14, 2026. The bond is classified as a Fixed Constant bond, meaning it pays interest at a constant rate over its life. It features a Bermudan call style, allowing for redemption on specified recurring dates beginning July 14, 2027, and an Optional Principal Redemption call type, which permits the Bank to redeem the bonds in whole or in part at its discretion on those dates.
The filing notes that consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. These obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government. The Bank also clarifies that the principal amounts reported on Schedule A represent the par amount at issuance and may not correspond to amounts in financial statements prepared under Generally Accepted Accounting Principles due to factors such as discounts or premiums.
