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Published on 9/23/2008 in the Prospect News Investment Grade Daily.

New Issue: National Rural Utilities prices $100 million floaters due 2010 at Libor plus 100 bps

By Andrea Heisinger

New York, Sept. 23 - National Rural Utilities Cooperative Finance Corp. priced $100 million floating-rate notes due March 23, 2010 at par on Monday to yield three-month Libor plus 100 basis points, according to a 424B3 filing with the Securities and Exchange Commission.

The non-callable medium-term notes have interest paid quarterly.

Mesirow Financial Inc. was the agent.

The privately owned financial products company is based in Herndon, Va.

Issuer:National Rural Utilities Cooperative Finance Corp.
Issue:Floating-rate medium-term notes
Amount:$100 million
Maturity:March 23, 2010
Agent:Mesirow Financial Inc.
Coupon:Three-month Libor plus 100 bps, payable quarterly
Price:Par
Yield:Three-month Libor plus 100 bps
Call:Non-callable
Trade date:Sept. 22
Settlement date:Sept. 23

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