Federal Home Loan Bank of Boston: reports $710,000,000 of consolidated obligations

What happened

• The Federal Home Loan Bank of Boston filed a Current Report on Form 8-K under Item 2.03 reporting consolidated obligations committed to be issued with trade dates Oct 7, 2026 and Oct 8, 2026, totaling $710,000,000.
• The filing states that consolidated obligations, which consist of bonds and discount notes, are by regulation the joint and several obligations of the 11 Federal Home Loan Banks and are backed only by the financial resources of the FHLBanks and are not guaranteed by the United States government.

Key details

• Trade date Oct 7, 2026: three variable single index floater notes (CUSIPs 63130BCKT9, 63130BCKV4, 63130BCKY8) with par amounts $250,000,000, $250,000,000, and $160,000,000; settlement Oct 8, 2026; maturities May 10, 2027; Jun 8, 2027; and Nov 9, 2027; rate sub-types SOFR + 6.5 basis points, SOFR + 7 basis points, and SOFR + 9 basis points; next pay dates Nov 10, 2026; Dec 8, 2026; and Nov 9, 2026.
• Trade date Oct 8, 2026: three fixed bonds (CUSIPs 63130BCKH5, 63130BCL8, 63130BCLA9) with par amounts $20,000,000, $15,000,000, and $15,000,000; settlements Oct 15, 2026; Oct 29, 2026; and Oct 28, 2026; maturities Oct 15, 2031; Oct 29, 2029; and Oct 28, 2031; coupons 5.625%, 5.250%, and 5.700%; call styles American and Bermudan with first call dates Oct 15, 2027; Oct 29, 2027; and Apr 28, 2027.
• The filing notes Schedule A generally excludes consolidated obligation discount notes with a maturity of one year or less and does not reflect potential associated interest-rate-exchange agreements or whether proceeds will replace called or maturing obligations.

Why it may matter

• The report was filed under Item 2.03 (Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement) and covers consolidated obligations for which the Bank may be primarily or jointly and severally liable with other FHLBanks, as described in the filing.
• The filing explains that consolidated obligations are sold through the FHLBanks' Office of Finance and that the Finance Agency may require any FHLBank to repay obligations for which another FHLBank is the primary obligor.

This filing does not show why the insider traded or why the company acted.