FFCB talks three-year Designated Notes at 34 bps over Treasuries; size to be set Tuesday

By Kenneth Lim

Boston, Oct. 26 - Federal Farm Credit Banks Funding Corp. plans to price new three-year Designated Notes on Tuesday, with price talk at a spread of 34 basis points over Treasuries, market sources said.

The size of the deal has not been set but it is expected to be at least $3 billion.

Bank of America Securities LLC, HSBC Securities (USA) Inc. and Morgan Stanley & Co. are the lead managers of the offering.

The notes are non-callable.

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