debt
confidence high
sentiment neutral
materiality 0.25
FHLB Pittsburgh issues $1.509B in consolidated obligations on June 15-16, 2026
Federal Home Loan Bank of Pittsburgh
- Issued $1.25B in variable-rate single index floaters (non-callable) with maturities from Nov 2026 to Jun 2028.
- Issued $3M in fixed-rate callable bond (5.72% coupon, matures 2041) and $6M in fixed-rate non-callable bond (3.875%, matures 2027).
- Total par amount of new consolidated obligations: $1,509,000,000 across 7 tranches.
- Obligations are joint and several liabilities of all 11 FHLBs, not guaranteed by U.S. government.
- Proceeds will be used for general funding purposes; discount notes under 1 year maturity excluded from this report.