Federal Home Loan Bank of Dallas 8-K

What Happened

• The Federal Home Loan Bank of Dallas (the Bank) filed an 8‑K on January 20, 2026 (Item 2.03) reporting that it committed to be the primary obligor on five consolidated obligation bonds (sold through the FHLBanks’ Office of Finance) with trade dates of January 14–15, 2026 and settlement dates in mid‑ to late‑January 2026. The combined par amount of the committed bonds is $145,000,000. Coupons range from 3.93% to 5.55% and maturities span from 2031 to 2056. Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are backed by the FHLBanks’ financial resources (not by the U.S. government).

Key Details

• Total par amount committed: $145,000,000 across five bonds.
• Trade dates: January 14–15, 2026; settlement dates: January 16–28, 2026.
• Individual issues (par, coupon, maturity, call style):
  • $50,000,000 — 5.550% coupon — maturity 1/27/2056 — Bermudan callable.
  • $10,000,000 — 4.100% coupon — maturity 1/26/2034 — Bermudan callable.
  • $25,000,000 — 3.930% coupon — maturity 1/21/2031 — Bermudan callable.
  • $25,000,000 — 4.010% coupon — maturity 1/15/2031 — Bermudan callable.
  • $35,000,000 — 4.875% coupon — maturity 1/28/2036 — American callable.
• Filing caveats: Schedule A excludes short‑term discount notes, does not show related derivatives or how proceeds will be used, and does not by itself indicate changes in total consolidated obligations outstanding.

Why It Matters

• For investors, this filing shows how the Bank is raising medium‑ and long‑term funding through consolidated obligations — a core funding source for FHLBanks. The details (amounts, coupons, maturities, call features) affect interest expense and refinancing risk patterns for the Bank and are relevant to assessing its funding profile.
• Note: consolidated obligations are obligations of the FHLBanks collectively and are not guaranteed by the U.S. government; the Bank’s overall consolidated obligations outstanding are reported in its periodic SEC filings.