Federal Home Loan Bank of Indianapolis 8-K

What Happened

• The Federal Home Loan Bank of Indianapolis filed an 8-K (Feb 17, 2026) reporting it has or will become the primary obligor on two consolidated obligation bonds issued by the Federal Home Loan Banks (FHLBanks). The combined par amount is $162.5 million and the bonds have maturities of one year or more.

Key Details

• $15,000,000 bond (CUSIP 3130B9J50): trade date 2/11/2026; settlement 2/13/2026; maturity 2/13/2029; next pay date 8/13/2026; Bermudan optional redemption; fixed constant coupon 3.800%; next call/amort date 11/13/2026.
• $147,500,000 bond (CUSIP 3130B9J68): trade date 2/12/2026; settlement 2/17/2026; maturity 2/17/2028; next pay date 5/18/2026; non-callable; variable single-index floater (coupon shown as variable).
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government.
• The filing notes par amounts reported may differ from amounts in GAAP financial statements (do not reflect discounts, premiums, etc.) and excludes consolidated obligations with maturities of one year or less.

Why It Matters

• This filing documents new longer-term funding activity that increases the Bank’s consolidated-obligation exposure by $162.5M and alters its mix of fixed- and variable-rate debt (one fixed-rate bond and one variable-rate floater).
• Investors should note these are joint FHLBank obligations (not U.S. government guaranteed) and that the reported par amounts may not match GAAP balances; the filing also omits short-term obligations, so it does not show total outstanding consolidated debt.