Western Corp Fed Credit sells $1.5 bln gvt-gtd notes

Wed Oct 28, 2009 7:08pm GMT
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NEW YORK, Oct 28 (Reuters) - Western Corp Federal Credit Union on Wednesday sold $1.5 billion in three-year government-guaranteed notes, said IFR, a Thomson Reuters service.

The 1.75 percent notes were priced at 99.875 to yield 1.793 percent, or 35.9 basis points over comparable U.S. Treasuries, according to IFR.

The notes are guaranteed under the Federal Deposit Insurance Corp's temporary liquidity guarantee program.

The sole lead manager on the sale was Banc of America. (Reporting by Caryn Trokie; Editing by Dan Grebler)

 
 
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