FHLB Des Moines issues $1.06B in consolidated obligations across 8 tranches

Federal Home Loan Bank of Des Moines

Total par $1.06B: callable fixed-rate bonds ($15M-100M, 4.25%-4.68%), non-callable fixed ($25M each at 4.38% and 4.63%), and a $750M variable-rate floater.
Largest tranche: $750M variable-rate floater (non-callable, matures 12/28/2026, tied to single index).
Fixed-rate callable bonds include Bermudan-style call options with first call dates from Sep 2026 to Jan 2027.
Consolidated obligations are joint and several obligations of all 11 FHLBs, not guaranteed by the U.S. government.

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