FDIC Holds Sale of $233M in Bonds

The Federal Deposit Insurance Corp. announced a $233 million bond sale Monday to help lessen failure costs.

The notes were originally issued to the FDIC in January by a limited-liability company — formed jointly by the FDIC and private investors — to help the LLC acquire commercial real estate loans from 22 receiverships.

The FDIC's resale of the bonds generated just over $200 million for the agency.

It was the fourth recent sale of structured sale notes amid continuing efforts by the FDIC to recoup money for the Deposit Insurance Fund.

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