New Issue: FFCB prices $1.275 billion 1.625% 3.5-year Designated Bonds at 44 bps over Treasuries

By Lisa Kerner

Charlotte, N.C., April 15 - Federal Farm Credit Banks announced it priced $1.275 billion 1.625% 3.5-year Designated Bonds on Friday at 99.942 to yield 1.642%, or 44 basis points over Treasuries.

The non-callable securities were talked at 43 bps over Treasuries.

The bond will settle April 19.

J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., and UBS Securities LLC are the lead managers.

Issuer:	Federal Farm Credit Banks
Issue:	Designated bond
Amount:	$1.275 billion
Maturity:	Nov. 19, 2014
Coupon:	1.625%
Price:	99.942
Yield:	1.642%
Spread:	44 bps
Call:	Non-callable
Pricing date:	April 15
Settlement date:	April 19
Lead managers:	J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., and UBS Securities LLC
Cusip:	31331KHW3

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