Federal Home Loan Bank of Indianapolis 8-K

What Happened
The Federal Home Loan Bank of Indianapolis filed an 8‑K (Item 2.03) on April 9, 2026, reporting that it has become (or will become on settlement) the primary obligor on certain consolidated obligation bonds issued by the Federal Home Loan Banks (FHLBanks). The filing discloses two fixed‑rate bonds with combined par value of $180,000,000 that have maturities of one year or more and are part of the FHLBanks’ consolidated obligations (which are not guaranteed by the U.S. government).

Key Details

• Total par amount: $180,000,000 (two bonds: $30,000,000 and $150,000,000).
• Trade/settlement dates: 4/6/2026 (settlement 4/10/2026) and 4/7/2026 (settlement 4/8/2026).
• Maturity dates: 2/26/2027 and 5/7/2027.
• Coupons and structure: 3.85% fixed (constant) on $30M; 3.93% fixed (constant) on $150M. Both are Bermudan callable (optional principal redemption) with next call/amort dates of 7/10/2026 and 10/8/2026 respectively.
• Filing signed by Lana D. Buchman, Senior Financial Reporting Principal.

Why It Matters
This filing notifies investors that FHLBank Indianapolis will be the primary obligor on these longer‑term consolidated obligations, which affects the Bank’s reported off‑balance sheet or direct obligation exposure. Consolidated obligations are joint and several obligations of the FHLBanks and are not U.S. government guaranteed; par amounts disclosed may differ from amounts reported under GAAP due to discounts/premiums. Retail investors should note the size, fixed rates, maturities and callable features when assessing the Bank’s funding profile and short‑term liability commitments.