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) on April 2, 2026 disclosing the commitment to issue two consolidated obligation bonds (total par $25,000,000). These consolidated obligations are debt securities sold through the Office of Finance and are joint and several obligations of the 11 Federal Home Loan Banks; they are not obligations of, nor guaranteed by, the U.S. government.

Key Details

• Total par amount committed: $25,000,000 (two bonds: $10,000,000 and $15,000,000).
• Bond 1: Trade date 3/30/2026; CUSIP 3130BA6K8; settlement 4/1/2026; maturity 4/3/2036; initial coupon 4.730%; Bermudan callable; next call date 4/3/2028; par $10,000,000.
• Bond 2: Trade date 3/31/2026; CUSIP 3130BA6X0; settlement 4/6/2026; maturity 10/6/2028; initial coupon 4.000%; European callable; next call date 10/6/2026; par $15,000,000.
• Filing notes: discount notes (short‑term) are excluded from the schedule; the Bank has not made a materiality judgment regarding these bonds; schedule does not reflect related derivatives or whether proceeds will refinance existing obligations.

Why It Matters
This filing notifies investors that the Bank has arranged new medium‑term debt issuance that increases the consolidated obligations for which it is the primary obligor. Key investor considerations from the filing include the coupon rates, maturities and callable features (which affect interest rate and reinvestment risk), and that these obligations are backed only by the FHLBanks’ financial resources (not by the U.S. government). Total consolidated obligations outstanding for which the Bank is primary obligor are reported in the Bank’s periodic SEC filings.