The National Credit Union Administration plans to sell another $1.26 billion of bailout bonds this week, after last week's successful $1.51 billion offering.
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The bonds, which are federally guaranteed, have proven popular with investors, who have snapped up more than $20 billion worth since the agency began selling them to finance the liquidation of five failed corporate credit unions in October.
The latest offering is to be of floating-rate bonds that are backed by floating-rate, mortgage-backed securities. Barclays Capital is the lead underwriter.
