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Published on 10/29/2013 in the Prospect News Investment Grade Daily.

National Rural Utilities to offer collateral trust bonds

By Aleesia Forni

Virginia Beach, Oct. 29 - National Rural Utilities Cooperative Finance Corp. is planning to price an offering of collateral trust bonds, according to a 424B5 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, KeyBanc Capital Markets LLC, Scotia Capital (USA) Inc., U.S. Bancorp Investments Inc. and RBS Securities Inc. are the bookrunners.

Proceeds will be used for general corporate purposes, including repayment of short-term debt, primarily consisting of commercial paper.

The market lender for electric cooperatives is based in Herndon, Va.


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