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National Rural Utilities selling two-part issue of collateral trust bonds
By Aleesia Forni
Virginia Beach, Jan. 21 - National Rural Utilities Cooperative Finance Corp. is in the market with a two-part issue of collateral trust bonds, according to a 424B5 filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc., RBC Capital Markets LLC, SunTrust Robinson Humphrey 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, and, along with cash on hand and other funding, to repay $250 million of floating-rate notes due 2014 and $450 million of 4.75% collateral trust bonds due 2014.
The market lender for electric cooperatives is based in Herndon, Va.
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