Federal Home Loan Bank of Topeka

12/17/2024 | Press release | Distributed by Public on 12/17/2024 09:36

Financial Obligation Form 8 K

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The Federal Home Loan Bank of Topeka ("FHLBank") obtains most of its funds from the sale of debt securities, known as consolidated obligations, in the capital markets. Consolidated obligations, which consist of bonds and discount notes, are by regulation the joint and several obligations of the eleven Federal Home Loan Banks. The Federal Home Loan Banks are regulated by the Federal Housing Finance Agency (the "Finance Agency") and the Finance Agency regulations authorize the Finance Agency to require any Federal Home Loan Bank to repay all or a portion of the principal of or interest on consolidated obligations for which another Federal Home Loan Bank is the primary obligor. Consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. Consolidated obligations are backed only by the financial resources of the 11 Federal Home Loan Banks and are not guaranteed by the United States government.
Schedule A sets forth all consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks, for which the FHLBank is the primary obligor, on the trade dates indicated, other than discount notes with a maturity of one year or less that are issued in the ordinary course of business. Schedule A also includes any consolidated obligations with a remaining maturity in excess of one year, if any, for which we have assumed the primary repayment obligation from another Federal Home Loan Bank.
We may elect to change our method of reporting information on the issuance or assumption of consolidated obligations at any time. In reviewing the information in this Current Report on Form 8-K, please note:
• although consolidated obligations issuance is material to the FHLBank, we have not made a judgment as to the materiality of any particular consolidated obligation or obligations;
• Schedule A does not address any interest-rate exchange agreements (or other derivative instruments) which we may enter into as a result of our asset and liability management strategies and that may be associated, directly or indirectly, with one or more of the reported consolidated obligations;
• Schedule A will not enable a reader to track changes in the total consolidated obligations outstanding for which we are the primary obligor because Schedule A generally excludes consolidated obligation discount notes with a maturity of one year or less and does not reflect whether the proceeds from the issuance of the reported consolidated obligations will be used to, among other things, satisfy called or maturing consolidated obligations. We will report the total consolidated obligations outstanding for which we are the primary obligor in our periodic reports filed with the Securities and Exchange Commission; and
• the principal amounts reported on Schedule A represent the principal amount of the reported consolidated obligations at par, which may not correspond to the amounts reported in our financial statements prepared in accordance with generally accepted accounting principles contained in our periodic reports filed with the Securities and Exchange Commission, because the par amount does not account for, among other things, any discounts, premiums or concessions; and
• Schedule A does not describe types and style of consolidated obligations that are not issued on behalf of, or assumed by, the FHLBank as primary obligor, but that may be issued on behalf of other Federal Home Loan Banks as primary obligors.
Schedule A
TRADE DATE CUSIP SETTLEMENT DATE MATURITY DATE NEXT PAY DATE CALL TYPE (1) CALL STYLE (2) RATE TYPE/RATE SUB-TYPE (3)(4) NEXT CALL DATE COUPON PCT
BANK PAR ($)
12/11/2024 3130B42E0 12/13/2024 06/16/2025 03/16/2025 Non-Callable Variable Single Index Floater 250,000,000
12/11/2024 3130B45A5 12/13/2024 05/20/2025 02/20/2025 Non-Callable Variable Single Index Floater 250,000,000
12/11/2024 3130B45W7 12/16/2024 12/16/2036 06/16/2025 Optional Principal Redemption Bermudan Fixed Constant 12/16/2026 5 10,000,000
12/11/2024 3130B45W7 12/16/2024 12/16/2036 06/16/2025 Optional Principal Redemption Bermudan Fixed Constant 12/16/2026 5 15,000,000
12/11/2024 3130B45Y3 12/13/2024 12/13/2029 06/13/2025 Optional Principal Redemption Bermudan Fixed Constant 03/13/2025 4.85 15,000,000
12/12/2024 3130ATVE4 12/16/2024 12/11/2026 06/11/2025 Non-Callable Fixed Constant 4.5 1,000,000
12/12/2024 3130B46H9 12/16/2024 12/16/2026 03/16/2025 Non-Callable Variable Single Index Floater 135,000,000
12/12/2024 3130B46M8 12/27/2024 12/27/2049 06/27/2025 Optional Principal Redemption American Fixed Constant 12/27/2029 5.24 25,000,000
12/13/2024 3130B4A68 12/16/2024 05/27/2025 02/27/2025 Non-Callable Variable Single Index Floater 200,000,000
12/13/2024 3130B4A76 12/16/2024 12/11/2026 06/11/2025 Optional Principal Redemption Bermudan Fixed Constant 03/11/2025 4.55 50,000,000
(1) Call Type Description:
Optional Principal Redemptionbonds (callable bonds) may be redeemed by the FHLBank in whole or in part at its discretion on predetermined call dates, according to the terms of the bond.
Indexed Amortizing Notes(indexed principal redemption bonds) repay principal based on a predetermined amortization schedule or formula that is linked to the level of a certain index, according to the terms of the bond.
Scheduled Amortizing Notesrepay principal based on a predetermined amortization schedule, according to the terms of the bond.
(2) Call Style Description:
Indicates whether the consolidated obligation is redeemable at the option of the FHLBank, and if so redeemable, the type of redemption provision. The types of redemption provisions are:
American Bondsare redeemable continuously on and after the first redemption date and until maturity.
Bermudan Bondsare redeemable on specified recurring dates on and after the first redemption date, until maturity.
European Bondsare redeemable on a particular date only.
Canary Bondsare redeemable on specified recurring dates on and after the first redemption date until a specified date prior to maturity.
Multi-European Bonds are redeemable on particular dates only.
(3) Rate Type Description:
Conversion Bonds have coupons that convert from fixed to variable, or variable to fixed, or a mix of capped coupons and non-capped coupons, or from one variable type to another, or from one U.S. or other currency index to another, according to the terms of the bond.
Fixed Bonds generally pay interest at constant or stepped fixed rates over the life of the bond, according to the terms of the bond.
Variable Bondsmay pay interest at different rates over the life of the bond, according to the terms of the bond.
(4) Rate Sub-Type Description:
Constant bondsgenerally pay interest at fixed rates over the life of the bond, according to the terms of the bond.
Step Down bondsgenerally pay interest at decreasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Step Up bondsgenerally pay interest at increasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Step Up/Down bondsgenerally pay interest at various fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Capped Floater bonds have an interest rate that cannot exceed a stated or calculated ceiling, according to the terms of the bond.
Stepped Floater bondspay interest based on an increasing spread over an index, according to the terms of the bond.
Range bondsmay pay interest at different rates depending upon whether a specified index is inside or outside a specified range, according to the terms of the bond.
Single Index Floater bondspay interest at a rate that increases as an index rises and decreases as an index declines, according to the terms of the bond.
Ratchet Floater bondspay interest subject to increasing floors, according to the terms of the bond, such that subsequent coupons may not be lower than the previous coupon.