Federal Home Loan Bank of Indianapolis Issues $10M Consolidated Bond

What Happened
The Federal Home Loan Bank of Indianapolis filed an Form 8‑K (Item 2.03) on July 7, 2026, reporting that it has become the primary obligor on a consolidated obligation bond issued by the Federal Home Loan Banks. The bond (CUSIP 3130BBFK6) was traded on July 1, 2026, settled July 7, 2026, has a par amount of $10,000,000, matures July 2, 2031, and carries a fixed coupon of 4.360%.

Key Details

• Trade Date: 7/1/2026; Settlement Date: 7/7/2026; Maturity Date: 7/2/2031.
• Par amount: $10,000,000; Coupon: 4.360% (Fixed — Constant).
• Call/Amort: Optional Principal Redemption (Callable) with Bermudan call style; next call/amort date: 7/2/2029; next pay date: 11/4/2027.
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government.

Why It Matters
This filing notifies investors that the Bank has assumed primary obligation on a long‑term consolidated bond, which affects the Bank’s exposure under FHLBank consolidated obligations. Key practical points for investors: the bond’s fixed 4.36% coupon and five‑year remaining life to maturity (to 2031) clarify expected cash flows, and the callable feature (Bermudan) means the issuer may redeem the bond on specified dates beginning 7/2/2029. Also note par amounts reported may differ from GAAP carrying amounts and consolidated obligations are not U.S. government‑guaranteed.