FHLBanks Office of Finance on Dec. 7 priced FHLBank System's recently announced two-year global note at 99.996%.

The $4 billion note due Jan. 16, 2019, has a coupon rate of 1.25% and a yield of 1.252%.

Interest will be paid semiannually on Jan. 16 and July 16, starting Jan. 16, 2017.

Settlement date is Dec. 8, 2016.

Lead managers for the issue are Barclays, Merrill Lynch and Nomura Securities. Co-managers are Citigroup, Deutsche NY, FTN, HSBC, Morgan Stanley, TD Securities and WFS.