Federal Home Loan Bank of Topeka 8-K

What Happened
The Federal Home Loan Bank of Topeka (FHLBank) filed an 8‑K on Dec 29, 2025 reporting that it committed to issue consolidated obligation bonds and notes with trade dates of December 22–23, 2025. The Schedule A in the filing shows four securities totaling $275,000,000 in par value with maturities ranging from June 24, 2026 to January 9, 2041 and coupons from 3.61% to 5.34%. Consolidated obligations are sold through the Office of Finance and are joint and several obligations of the 11 Federal Home Loan Banks (not guaranteed by the U.S. government).

Key Details

• Total par committed: $275,000,000 (four issues: $10M, $5M, $250M, $10M).
• Trade dates and settlement highlights:
  • 12/22/2025 — $10,000,000 (CUSIP 3130B8KA9), settlement 12/24/2025, maturity 12/14/2035, coupon 4.25% (non‑callable).
  • 12/22/2025 — $5,000,000 (CUSIP 3130B8Y89), settlement 01/09/2026, maturity 01/09/2041, coupon 5.34% (American callable).
  • 12/23/2025 — $250,000,000 (CUSIP 3130B8YT3), settlement 12/24/2025, maturity 06/24/2026, coupon 3.61% (non‑callable).
  • 12/23/2025 — $10,000,000 (CUSIP 3130B8YZ9), settlement 01/06/2026, maturity 10/06/2028, coupon 3.76% (Bermudan callable).
• Filing notes: consolidated obligations are backed only by the financial resources of the 11 FHLBanks, may be subject to Finance Agency rules (which can require one Bank to repay obligations for another), and Schedule A may exclude certain short‑term discount notes or not reflect GAAP carrying amounts.

Why It Matters
This filing shows how the FHLBank of Topeka sources funding — through issuing joint consolidated obligations — and provides investors with concrete details on recent debt commitments (amounts, rates, maturities, and call features). Because these obligations are not U.S. government guaranteed and are joint obligations of the Federal Home Loan Banks, investors should note the credit is tied to the collective financial resources of the FHLBanks and regulatory provisions described in the filing. The issuance mix (large short‑term piece plus longer‑dated bonds, some callable) affects the Bank’s near‑term liquidity and interest expense profile, which will be reflected in future periodic reports.