Thursday, May 11, 2006

Rates Move Up Step Up CD's Follow

3 NC 3mo Step-Up CD
Description
Higher coupons vs bullets due to call risk
Settlement
May 18, 2006
Maturity
May 18, 2009
Coupon Rate Schedule (annualized)
1st 6mths 4.75% 2nd 6mths 5.00% 3rd 6mths 5.25% 4th 6mths 5.50% 5th 6mths 6.00% 6th 6mths 7.00%


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