Federal Home Loan Bank of Indianapolis 8-K

What Happened
The Federal Home Loan Bank of Indianapolis filed a Form 8‑K on February 10, 2026 reporting that it has or will become the primary obligor on certain consolidated obligation bonds committed to be issued by the Federal Home Loan Banks. The filing lists five bonds (trade dates Feb 4–5, 2026; settlement dates Feb 6–13, 2026) with combined par value of $515,000,000 and maturities shown between July 13, 2026 and December 27, 2030. The report was signed by Lana D. Buchman, Senior Financial Reporting Principal.

Key Details

• Total par amount listed: $515,000,000 across five consolidated obligation bonds (par amounts: $25M, $100M, $50M, $315M, $25M).
• Fixed-coupon bonds include rates of 4.060%, 3.800%, 3.980% and 3.965%; one $315M issue is a non-callable single-index floating-rate note.
• Most callable issues are described as Bermudan optional principal redemption (redeemable on specified recurring dates); one issue is non-callable.
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government (as stated in the filing).

Why It Matters
Becoming the primary obligor means the Bank will be legally responsible for payments on these consolidated obligations on their settlement dates. These issuances increase the Bank’s funded obligations and are part of the FHLBanks’ collective debt funding program; they are not federally guaranteed. For investors, note that par amounts shown may differ from amounts reported under GAAP (due to discounts/premiums) and the filing does not disclose full bond terms or the specific use of proceeds.