Federal Home Loan Bank of Topeka 8-K

What Happened
The Federal Home Loan Bank of Topeka (FHLBank) filed an 8‑K (Item 2.03) on January 27, 2026 reporting that it committed to issue several consolidated obligation bonds and notes on trade dates in January 2026. Schedule A shows five consolidated obligations for which FHLBank is the primary obligor with a combined par amount of $1,020,000,000. Trade dates are January 21 and January 23, 2026, with settlement dates in late January and early February 2026.

Key Details

• Total par amount reported: $1,020,000,000 across five consolidated obligations.
• Instruments and maturities: short-term floaters maturing July 2026 (two non-callable single-index floaters totaling $1.0B) and longer-term fixed-rate callable bonds maturing Feb 2032 ($15M, 4.421% coupon) and Feb 2036 ($5M, 4.925% coupon).
• Call/structure: two fixed-rate bonds are callable (American optional principal redemption); three are variable single-index floaters and non-callable.
• Regulatory context: 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 Banks’ financial resources (not guaranteed by the U.S. government).

Why It Matters
This filing discloses new debt funding transactions that affect FHLBank’s liability profile and liquidity. Retail investors should note these are consolidated obligations for which FHLBank is the primary obligor; responsibility for consolidated obligations is shared across the Federal Home Loan Banks under FHFA rules. The filing also clarifies that Schedule A may not show all short-term discount notes and that par amounts may differ from amounts reported under GAAP—total outstanding obligations for which FHLBank is primary obligor will be reported in periodic SEC filings.