Federal Home Loan Bank of Topeka 8-K

What Happened
The Federal Home Loan Bank of Topeka (FHLBank) filed an 8‑K on January 13, 2026 reporting the issuance/commitment of consolidated obligation bonds and notes in early January 2026. Schedule A lists several consolidated obligations for which FHLBank is the primary obligor with trade dates of January 7–9, 2026 and various settlement and maturity dates. Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks, are sold through the Office of Finance, and are backed only by the financial resources of those Banks (not guaranteed by the U.S. government).

Key Details

• Total par amount reported on Schedule A: $1,755,000,000 (sum of listed bonds/notes at par).
• Selected issues include:
  • $250,000,000 bond (trade 01/07/2026) — 3.615% coupon, Bermudan callable, settlement 01/08/2026, maturity 02/08/2027.
  • $5,000,000 long-dated bond (trade 01/08/2026) — 5.325% coupon, American callable, maturity 01/22/2041.
  • $500,000,000 of single-index floating-rate notes (trade 01/09/2026) — non-callable, various tranches maturing 01/14/2028.
  • $500,000,000 and $500,000,000 fixed-rate callable bonds (trade 01/09/2026) — 3.635% Bermudan and two 3.622% European callable tranches, maturities in 2027.
• Filing notes: Schedule A excludes discount notes ≤1 year, does not include related derivatives (e.g., interest-rate swaps), and reports par amounts (which may differ from GAAP carrying amounts). The FHLBank did not make a materiality judgment as to any single issuance.

Why It Matters
This filing notifies investors that FHLBank of Topeka participated as primary obligor on multiple debt offerings in January 2026, increasing its share of consolidated obligations for which the 11 Federal Home Loan Banks are jointly responsible. Investors should note the size, interest-rate types (fixed vs. floating), call features, and maturities when assessing the bank’s liability profile and interest-rate exposure. Also remember consolidated obligations are not U.S. government-guaranteed and outstanding par reported here may differ from amounts in periodic GAAP financial statements.