By Angela McDaniels
Tacoma, Wash., Feb. 19 - Federal Farm Credit Banks Funding Corp. priced $1.3 billion of 2.25% Designated Bonds due April 24, 2012 at 92 basis points over Treasuries on Thursday, according to an agency news release.
The bonds priced at 99.998 to yield 2.251%.
The bonds will be issued through the Federal Farm Credit Banks Consolidated Systemwide Bond Program.
HSBC Securities (USA) Inc., J.P. Morgan Securities Inc. and UBS Securities LLC are lead managers for the issue, with Mizuho Securities USA Inc. as co-manager.
Settlement will occur Tuesday.
| Issuer: | Federal Farm Credit Banks Funding Corp.
|
| Issue: | Designated Bonds
|
| Amount: | $1.3 billion
|
| Maturity: | April 24, 2012
|
| Coupon: | 2.25%
|
| Price: | 99.998
|
| Yield: | 2.251%
|
| Spread: | 92 bps
|
| Underwriters: | HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., UBS Securities LLC (leads) and Mizuho Securities USA Inc.
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
