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Thornburg Mortgage $150 million 10-year notes talked at 8% area, pricing Friday
By Paul A. Harris
St. Louis, May 6 - Price talk of the 8% area emerged Tuesday on Thornburg Mortgage Inc.'s upcoming sale of $150 million of 10-year senior notes (Ba1/BB-), according to an informed source.
The deal is expected to price Thursday.
Credit Suisse First Boston is the bookrunner on the Rule 144A deal.
Proceeds will be used primarily to fund loans originated by the company and to purchase additional adjustable-rate mortgage securities.
The issuer is a single family residential mortgage lender based in Santa Fe, N.M.
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