Press Release

FHLBanks to Use Preceding Business Day Convention for Rate Resets on SOFR-Linked Bonds

published on April 08, 2019

The Office of Finance announced today that the Federal Home Loan Bank System will modify its SOFR Debt Program to use the preceding business day convention for daily rate resets on SOFR-linked bonds priced on or after May 1, 2019...
Download PR2019-0408-SOFRProgramMod.pdf