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Federal Home Loan Bank of Topeka·8-K

Feb 10, 12:30 PM ET

Federal Home Loan Bank of Topeka 8-K

Research Summary

AI-generated summary

Updated

Federal Home Loan Bank of Topeka Reports New Consolidated Obligations Issued

What Happened

  • On Feb 10, 2026 FHLBank of Topeka filed an 8‑K (Item 2.03) reporting the creation/assumption of consolidated obligations (direct financial obligations) and attached Schedule A showing multiple debt trades executed on Feb 4–6, 2026.
  • Schedule A lists several fixed‑rate and callable bonds (multiple tranches with par amounts commonly $3,675,000 and one $2,435,000 tranche), longer‑dated fixed bonds including a $10,000,000 02/12/2046 issue (CUSIP 3130B9E55, coupon ~5.37%) and a $5,000,000 02/13/2040 issue (CUSIP 3130B9EW60, coupon ~5.21%), and large short‑term/variable floaters including a $250,000,000 single‑index floater (CUSIP 3130B9FR6) and $500,000,000 floaters (CUSIPs 3130B9FU9 and 3130B9GJ30) with near‑term maturities in 2026.

Key Details

  • Filing date: Feb 10, 2026; trade dates reported: Feb 4–6, 2026 (various settlement dates in Feb 2026).
  • Large short‑term variable notes: $250M (CUSIP 3130B9FR6, matures Jun 10, 2026) and $500M tranches (CUSIPs 3130B9FU9 matures Jul 13, 2026; 3130B9GJ30 matures Jul 14, 2026).
  • Selected long‑term fixed issues: $10M (CUSIP 3130B9E55, matures Feb 12, 2046, coupon ~5.37%); $5M (CUSIP 3130B9EW60, matures Feb 13, 2040, coupon ~5.21%).
  • Consolidated obligations are joint and several obligations of all 11 Federal Home Loan Banks, backed only by their financial resources and not guaranteed by the U.S. government.

Why It Matters

  • These entries show how the FHLBank of Topeka raises funding—by issuing and assuming consolidated obligations of varying maturities and rate types—which affects its liquidity and interest expense profile.
  • Large short‑term floaters (hundreds of millions) indicate significant near‑term funding activity; long‑dated fixed bonds lock in longer‑term funding at stated coupons.
  • Investors should note consolidated obligations are obligations of the Federal Home Loan Banks as a group (not U.S. government guaranteed). The FHLBank will report total consolidated obligations outstanding in its periodic SEC filings.

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