Federal Home Loan Bank of Boston 8-K

What Happened
The Federal Home Loan Bank of Boston filed a Form 8‑K on January 13, 2026, reporting that consolidated obligation bonds and notes were committed to be issued on trade dates January 7–9, 2026. The schedule (Schedule A) shows $1,510,000,000 in par value for which the Bank is the primary obligor, consisting of a mix of fixed‑rate callable bonds and variable-rate floaters tied to SOFR.

Key Details

• Total par committed: $1,510,000,000 across 11 consolidated obligations (trade dates 1/7/2026–1/9/2026).
• Fixed‑rate examples: callable “fixed constant” issues with coupons around 3.615%–3.850% (e.g., $250M at 3.615%, $250M at 3.630%, $250M at 3.620%, $25M at 3.850%).
• Variable‑rate examples: several single‑index floaters tied to SOFR (spreads shown as SOFR +3 bps, +4.5 bps, and +5 bps) totaling several $150M and $250M issues.
• Call features and maturities vary (Bermudan, European, non‑callable; maturities range from 2026–2031 depending on issue).
• Reminder from the filing: consolidated obligations are joint and several obligations of all 11 FHLBanks, are backed only by FHLBanks (not by the U.S. government), and Schedule A excludes discount notes with maturities of one year or less.

Why It Matters
This 8‑K informs investors about new debt the Bank has committed to issue and the mix of funding costs (fixed vs. SOFR floaters) that will affect the Bank’s funding profile. Because consolidated obligations are joint obligations of all FHLBanks and are not U.S. government guaranteed, these issuances are part of the Bank’s collective funding arrangements and credit profile. The filing also notes Schedule A is limited in scope (excludes short‑term discount notes) and that total outstanding consolidated obligations for which the Bank is primary obligor will be disclosed in the Bank’s periodic SEC reports.