Federal Home Loan Bank of Dallas 8-K

What Happened
The Federal Home Loan Bank of Dallas filed a Form 8‑K (Item 2.03) reporting that it committed to issue consolidated obligation bonds with a total par amount of $75,000,000 on trade dates Feb. 11–12, 2026. Consolidated obligations are joint, several debt obligations of the 11 Federal Home Loan Banks, are sold through the Office of Finance, and are backed only by the FHLBanks’ financial resources (they are not guaranteed by the U.S. government).

Key Details

• Total committed principal: $75,000,000 (three bonds: $40M, $15M, $20M).
• Bond 1 (CUSIP 3130B9HE3): Trade date 2/11/2026; settlement 2/20/2026; maturity 2/20/2046; fixed coupon 5.375%; American-style callable beginning 8/20/2026; par $40,000,000.
• Bond 2 (CUSIP 3130B9HS2): Trade date 2/11/2026; settlement 2/24/2026; maturity 2/24/2031; fixed coupon 4.000%; Bermudan-style callable beginning 2/24/2027; par $15,000,000.
• Bond 3 (CUSIP 3130B9JJ0): Trade date 2/12/2026; settlement 3/3/2026; maturity 3/3/2056; fixed coupon 5.500%; Bermudan-style callable beginning 6/3/2026; par $20,000,000.
• Filing notes: discount notes (short‑term) are excluded from the schedule; par amounts reported may differ from GAAP amounts due to discounts/premiums/hedging; the Bank did not make a materiality determination in this report and did not disclose associated derivative positions.

Why It Matters
This filing notifies investors that the Bank has committed to raise $75M in long‑dated debt across three fixed‑rate issues, which affects the Bank’s funding mix and interest obligations. Because consolidated obligations are joint obligations of all FHLBanks and are not U.S. government guaranteed, investors should view these as institution-backed debt. The report is informational—no claim of materiality was made—and does not include short‑term discount notes or potential hedges that could affect the Bank’s reported debt balances under GAAP.