Friday, February 18, 2011

NCUA 2011-C2 ($840b)

The WSJ describes it as such:

The bond, backed by commercial mortgages, has two tranches and Barclays Capital is leading the deal. Price guidance on the $605 million, 6.05-year tranche is in the area of 53 to 55 basis points over one-month London interbank offered rate, or Libor. On the $235 million, 5.21-year portion, it is in the area of 33 to 35 basis points over one-month Libor.

NCUA is also working on a $1.253b 10-year resi deal NCUA 2011-R2.

2 comments:

Concrete Jungle said...

Priced on the tight end at +53

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