By Angela McDaniels
Tacoma, Wash., Jan. 11 - Federal Farm Credit Banks Funding Corp. priced $1.4 billion of 1.75% Designated Bonds due Feb. 21, 2013 to yield 33.5 basis points over Treasuries on Monday, according to an agency news release.
The bonds priced at 99.737, and the yield is 1.838%.
The bonds are being issued through the Federal Farm Credit Banks Consolidated Systemwide Bond Program.
Barclays Capital Inc., HSBC Securities (USA) Inc. and UBS Securities LLC are the lead managers.
The bonds will settle Friday.
| Issuer: | Federal Farm Credit Banks Funding Corp.
|
| Issue: | Designated Bonds
|
| Amount: | $1.4 billion
|
| Maturity: | Feb. 21, 2013
|
| Coupon: | 1.75%
|
| Price: | 99.737
|
| Yield: | 1.838%
|
| Spread: | 33.5 bps over Treasuries
|
| Managers: | Barclays Capital Inc., HSBC Securities (USA) Inc., UBS Securities LLC (leads)
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 15
|
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