FFCB talks five-year Designated Notes at 22.5 bps over Treasuries for Wednesday; size not set

By Kenneth Lim

Boston, Nov. 9 - Federal Farm Credit Banks plans to price new five-year Designated Notes on Wednesday, talked at a spread of 22.5 basis points over Treasuries, market sources said.

The size of the deal has not been set, but it is expected to be between $1 billion and $2 billion.

Goldman Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets are the lead managers.

The notes will be non-callable.

© 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.