Federal Home Loan Bank of Indianapolis 8-K

What Happened

• The Federal Home Loan Bank of Indianapolis filed an 8-K (Item 2.03) on March 26, 2026, reporting it has or will become the primary obligor on certain consolidated obligation bonds issued by the Federal Home Loan Banks. The commitments were traded on March 24, 2026 and are scheduled to settle on March 30, 2026.
• Three bonds (each $10,000,000 par; total $30,000,000) are included: two with a 4.25% coupon maturing March 24, 2028, and one with a 4.80% coupon maturing April 2, 2031. All bonds are callable (Bermudan optional principal redemption) under specified call schedules.

Key Details

• Trade date: March 24, 2026; Settlement date: March 30, 2026.
• Par amounts: $10,000,000 each; total par $30,000,000.
• Coupons/maturities: two bonds at 4.25% maturing 3/24/2028; one bond at 4.80% maturing 4/02/2031.
• Call feature: Bermudan optional principal redemption (redeemable on specified recurring dates per bond terms).
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government.

Why It Matters

• This filing shows an increase in longer-term consolidated obligations for which the Indianapolis FHLBank is the primary obligor (adds $30M of par debt across 2028–2031 maturities). That can affect the Bank’s funding profile and reported consolidated obligations exposure.
• Investors should note these are FHLBank-system consolidated obligations (not U.S. government guaranteed) and par amounts may differ from GAAP amounts reported in financial statements (discounts/premiums not shown). The filing does not specify use of proceeds.