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FFCB talks three-year Designated Bonds at 30 bps over Treasuries; size to be determined
By Kenneth Lim
Boston, May 19 - Federal Farm Credit Banks plans to price new three-year Designated Bonds on Thursday, with price talk at a spread of 30 basis points over Treasuries, market sources said.
The size of the deal has not been set, but it is expected to be in the area of $2 billion.
Banc of America Securities LLC, J.P. Morgan Securities Inc. and UBS Securities are the lead managers.
The notes will not be callable.
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