Federal Home Loan Bank of Topeka 8-K

What Happened
The Federal Home Loan Bank of Topeka (FHLBank) filed an 8‑K (Item 2.03) disclosing that it committed to be the primary obligor on consolidated obligation bonds with trade dates of January 12 and 13, 2026. The Schedule A in the filing shows consolidated obligation bonds (joint obligations of the 11 Federal Home Loan Banks) totaling $230,000,000 at par, with maturities ranging from 2027 to 2041 and coupons between 3.64% and 5.31%.

Key Details

• Total par amount reported: $230,000,000 (sum of entries on Schedule A).
• Individual reported commitments:
  • CUSIP 3130B94J6 — Trade Date 01/12/2026; Settlement 01/22/2026; Maturity 01/22/2041; Coupon 5.31%; Par $10,000,000; American callable (next call 07/22/2026).
  • CUSIP 3130B95L0 — Trade Date 01/12/2026; Settlement 01/13/2026; Maturity 02/12/2027; Coupon 3.64%; Par $200,000,000; Bermudan callable (next call 07/13/2026).
  • CUSIP 3130B95T3 — Trade Date 01/13/2026; Settlement 01/23/2026; Maturity 01/23/2036; Coupon 4.375%; Two $10,000,000 entries listed (total $20,000,000); Bermudan callable (next call 01/23/2029).
• Consolidated obligations are issued through the Office of Finance, are joint and several obligations of the 11 Federal Home Loan Banks, are not guaranteed by the U.S. government, and are backed only by the FHLBanks’ financial resources.
• Filing notes Schedule A excludes discount notes maturing in one year or less and does not show whether proceeds replace maturing or called obligations; par amounts may differ from GAAP amounts (do not reflect discounts/premiums).

Why It Matters

• This filing shows how the FHLBank raises funding: by issuing consolidated obligations in the capital markets. The reported commitments increase the bank’s role as a primary obligor on debt that is jointly backed by all Federal Home Loan Banks.
• The sizes, coupons, maturities and callable features affect the Bank’s future interest expense, funding costs and exposure to refinancing risk; callable provisions give the Bank discretion to redeem early on specified dates.
• Retail investors and counterparties should note these are not U.S. government‑guaranteed securities and that the Schedule A is a subset of the Bank’s overall consolidated obligations (short-term discount notes and other items may be excluded).