By Kenneth Lim
Boston, Jan. 14 - Federal Farm Credit Banks priced $1.3 billion of new three-year Designated Notes on Friday at a spread of 22.5 basis points over Treasuries, market sources said.
The 1.125% notes were sold at 99.803 to yield 1.19%. Price talk was at a spread of 22.5 bps over Treasuries.
Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Jefferies & Co., Inc. were the lead managers.
The notes are non-callable.
Issuer: | Federal Farm Credit Banks
|
Issue: | Designated Notes
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Amount: | $1.3 billion
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Maturity: | Feb. 27, 2014
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Coupon: | 1.125%
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Price: | 99.803
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Yield: | 1.19%
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Spread: | 22.5 bps over Treasuries
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Price talk: | 22.5 bps over Treasuries
|
Call: | Non-callable
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Lead managers: | Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Jefferies & Co., Inc.
|
Pricing date: | Jan. 14
|
Settlement date: | Jan. 19
|
Cusip: | 31331KAH3
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