FHLB Des Moines issues $265M in consolidated obligations including $250M variable-rate bond

Federal Home Loan Bank of Des Moines

Issued $15M fixed-rate bond (5.89% coupon) maturing 2040, callable from Dec 2025.
Issued $250M variable-rate single-index floater bond maturing 2027, callable from May 2026.
Both bonds are joint and several obligations of the 11 Federal Home Loan Banks, not U.S. guaranteed.
Trade date May 20, 2025; proceeds used for general funding purposes.

item 2.03item 9.01

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