E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/12/2009 in the Prospect News Agency Daily.

New Issue: FFCB prices $1.6 billion three-year Designated Bonds at 32 bps spread

By Jennifer Chiou

New York, June 12 - The Federal Farm Credit Banks Funding Corp. said it priced a total of $1.6 billion of three-year Designated Bonds at a spread of 32 basis points over Treasuries.

The 2.125% bonds mature on June 18, 2012. They priced at 99.76 to yield 2.208%.

Barclays Capital Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co., Inc. were the lead managers while Jefferies & Co., Inc. was the co-manager.

Issuer:Federal Farm Credit Banks Funding Corp.
Issue:Designated Bonds
Amount:$1.6 billion
Maturity:June 18, 2012
Coupon:2.125%
Price:99.76
Yield:2.208%
Spread:32 bps
Lead managers:Barclays Capital Inc., HSBC Securities (USA) Inc. and Morgan Stanley & Co., Inc.
Co-manager:Jefferies & Co., Inc.
Settlement date:June 18

© 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.