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FFCB's 3.5-year Designated Bonds talked at 43 bps over Treasuries, to price Friday
By Kenneth Lim
Boston, April 14 - Federal Farm Credit Banks plans to price 3.5-year Designated Bonds on Friday, talked at a spread of 43 basis points over Treasuries, market sources said.
The size of the deal has not been determined, but it is expected to be about $1 billion.
J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and UBS Securities LLC are the lead managers.
The notes will be non-callable.
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