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