Federal Home Loan Bank of Indianapolis 8-K

What Happened

• The Federal Home Loan Bank of Indianapolis filed an 8-K on February 19, 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 FHLBanks). The bonds were traded on February 13, 2026 and have settlement dates in February 2026.

Key Details

• Total par amount reported: $225,000,000 (three bonds: $200,000,000; $10,000,000; $15,000,000).
• Trade date: February 13, 2026; Settlement dates: 2/20/2026, 2/26/2026, 2/27/2026.
• Bond types and coupons:
  • CUSIP 3130B9KC3 — Non-callable Single Index Floater, $200,000,000 (next pay date 4/20/2026).
  • CUSIP 3130B9KH2 — Bermudan callable Fixed Constant, $10,000,000, coupon 3.950% (maturity 2/26/2030; next call/amort 8/26/2026).
  • CUSIP 3130B9KJ8 — Bermudan callable Fixed Constant, $15,000,000, coupon 4.000% (maturity 2/27/2031; next call/amort 8/27/2026).
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government. The filing notes par amounts may differ from GAAP-reported amounts (discounts/premiums not reflected).

Why It Matters

• For investors, this filing signals the Bank has taken on primary obligor responsibility for specific longer-term FHLB debt, increasing the set of consolidated obligations for which it is liable. The amounts, interest terms and callable features affect the Bank’s future interest expense and repayment profile. Also note these bonds are not U.S. government guaranteed and par amounts in the filing may not equal GAAP liability figures in the Bank’s financial statements.