Midday Commentary: Private Export Funding notes trade tighter in secondary market

By Aleesia Forni

Columbus, Ohio, Oct. 11 - The secondary market saw Private Export Funding Corp.'s Wednesday issuance of $400 million 10-year notes firm in trading.

A trader quoted the notes at 35 basis points bid, 33 bps offered on Thursday.

The company priced the issue at Treasuries plus plus 38 basis points.

Private Export Funding assists with financing U.S. exports through private capital and is based in New York City.

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