NCUA Sale Of Corporate Bailout Bonds Tops $21 Billion

 

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.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.

 

For reprint and licensing requests for this article, click here.
Corporate credit unions
MORE FROM AMERICAN BANKER