The Federal Deposit Insurance Corp. (FDIC) has priced an over $653 million offering under its Structured Sale Guaranteed Notes 2010-L2. The sole bookrunner on the deal is Barclays Capital

The single-tranche 144A transaction has a four-year weighted average life. It priced at 75 basis points over swaps with a coupon of 3.00% and a yield of 3.032%.

Last week, the FDIC also priced a similarly-sized single tranche offering under the same note series. The deal had 2.73-year dated, fixed-rate Class A notes.

The FDIC previously announced that it will be selling to investors $3.85 billion worth of bonds guaranteed by the government.


Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.