Empire Corp. Sells $85-Million Subscription

September 29, 2003, 1:00 a.m. EDT 1 Min Read

The $4.7-billion Empire Corporate said its members snapped up $85-million in a new Membership Capital Account (MCA) entitled "Premium MCA." Empire Corporate said it had intended to limit the offering to $50 million in the Premium MCA product, which is targeted to pay a spread of 100 basis points over the three-year Treasury rate, prior to the strong response. This transaction will settle on Oct. 1, 2003, and will be priced according to market levels on that date.

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