NCUA Sale Of Corporate Bailout Bonds Tops $21 Billion
Barclays Capital is the lead underwriter.WALL STREET – NCUA is preparing its latest offering of corporate bailout bonds, this one $840 million worth of so-called NCUA Guaranteed Notes backed by commercial mortgage-backed securities.
The latest offering will have two tranches, one a fixed-rate deal and the other floating-rate.
The latest offering brings to more than $21 billion worth sold by NCUA since October, with some $5 billion more planned.
The bonds are federally guaranteed.
Barclays Capital is the lead underwriter.