Federal Home Loan Bank of Boston·8-K

Apr 9, 2:23 PM ET

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Federal Home Loan Bank of Boston 8-K

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Federal Home Loan Bank of Boston Issues $145M in Consolidated Obligations

What Happened
The Federal Home Loan Bank of Boston filed an 8‑K (Item 2.03) on April 9, 2026, reporting that it committed to issue consolidated obligations (debt sold through the FHLBanks' Office of Finance) on trade dates April 6–7, 2026. The schedule shows a total par amount of $145,000,000 across five securities with maturities ranging from November 20, 2026 to April 20, 2046. The filing was signed by George Maroun, Vice President and Funding Manager.

Key Details

  • Total par issued/committed: $145,000,000 (five consolidated obligations).
    • $25M (4/20/2037), 5.000% coupon, callable (American).
    • $50M (11/20/2026), variable single‑index floater (SOFR + 1 bp), non‑callable.
    • $25M (4/20/2043), 5.335% coupon, callable (American).
    • $25M (4/17/2046), 5.250% coupon, callable (American).
    • $20M (10/15/2029), 4.250% coupon, callable (Bermudan).
  • Trade dates: April 6–7, 2026; several settlements in mid‑April 2026.
  • Consolidated obligations are joint and several obligations of all 11 FHLBanks and are backed only by FHLBank financial resources (not guaranteed by the U.S. government).

Why It Matters
This filing notifies investors the Bank has increased its committed debt funding through the FHLBanks' joint consolidated obligation program, including short‑term and long‑dated issues and one SOFR‑linked note. Because consolidated obligations are jointly and severally liable across the 11 FHLBanks and not U.S. government guaranteed, these issuances affect the Bank’s funding profile and the aggregate consolidated obligations for which it may be responsible. The par amounts reported are at par and may differ from GAAP amounts (discounts/premiums not reflected); total outstanding consolidated obligations will be reported in periodic SEC filings.