Federal Home Loan Bank of Indianapolis 8-K

What Happened
The Federal Home Loan Bank of Indianapolis filed an 8-K on January 8, 2026, reporting that it has become (or will become on the settlement dates) the primary obligor on several consolidated obligation bonds issued by the Federal Home Loan Banks. The filing lists seven fixed-rate bonds with settlement dates between January 16 and January 23, 2026, totaling $140,000,000 in par value. Coupon rates range from 3.85% to 5.42% and maturities span from 2029 to 2046. The report is signed by Lana D. Buchman, Senior Financial Reporting Principal.

Key Details

• Total par amount: $140,000,000 across seven consolidated obligation bonds.
• Coupon rates and par by issue (examples): 5.34% ($25M, mat. 1/9/2041), 3.85% ($20M, mat. 1/23/2029), 4.09% ($25M, mat. 1/23/2031), 5.42% ($20M, mat. 1/22/2046), two tranches 5.35% ($25M and $10M, mat. 1/22/2046), 4.375% ($15M, mat. 1/16/2036).
• Call/repayment features: primarily Optional Principal Redemption (callable) with American or Bermudan call styles; next call/amort dates noted in the filing (various dates in 2026–2029).
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government; par amounts may differ from GAAP-reported values.

Why It Matters
This filing documents recent funding activity and a change in the Bank’s role to being the primary obligor on specified FHLBank consolidated bonds. For investors, the items to note are the size ($140M), fixed coupon rates, long maturity profile (up to 2046), and callable features—all relevant to the Bank’s future interest expense and contingent liabilities. Also note that consolidated obligations are FHLBank joint obligations and are not U.S. government guaranteed; par values reported here may not match amounts on the Bank’s GAAP financial statements.