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 7, 2026, reporting that it committed to issue consolidated obligation bonds with aggregate par of $40,000,000 on trade dates April 1–2, 2026. The filing was signed by Katie Watson, Vice President and Director of Financial Reporting.
• The report lists three bond commitments: $20.0M (4.220% coupon, maturity 4/6/2029, Bermudan call), $10.0M (4.000% coupon, maturity 4/9/2029, European call), and $10.0M (4.540% coupon, maturity 4/10/2036, Bermudan call). Settlement dates are April 6, 9 and 10, 2026, respectively.

Key Details

• Total par amount committed: $40,000,000 (three bonds: $20M, $10M, $10M).
• Coupons and maturities: 4.220% maturing 4/6/2029; 4.000% maturing 4/9/2029; 4.540% maturing 4/10/2036.
• Call features: bonds are callable (Optional Principal Redemption) with Bermudan and European call styles and specified next call dates in 2026–2029.
• The bonds are consolidated obligations — joint and several obligations of the 11 FHLBanks and backed only by the FHLBanks (not guaranteed by the U.S. government).

Why It Matters

• These issuances are how the Bank raises funding for operations; the filing notifies investors of new debt commitments and their terms (amounts, coupons, maturities, call features).
• The filing notes the Bank has not judged materiality of these bonds and that Schedule A excludes short‑term discount notes and possible related derivatives, so these entries do not by themselves show changes in total consolidated obligations reported in the Bank’s periodic SEC filings.
• Investors should note consolidated obligations are supported by the FHLBanks' financial resources only (not U.S. government guaranteed), and par amounts reported may differ from GAAP amounts because they don’t reflect discounts, premiums or hedging adjustments.