Pricing on Ohio’s FirstEnergy utility securitization  is expected to come in on the tight end of guidance on the back of the historically low rates for benchmark U.S. Treasury and U.S. Agency debt.

The price guidance for the Goldman Sachs, Citigroup and Credit Agricole –led Ohio deal shows the 1.6-year, A-1 notes talked at 20 basis points over the eurodollar synthetic forward curve (EDSF). The 5-year, A-2 paper is being talked between 43 to 45 basis points over interpolated swaps; and the 13.69 year, A-3 tranche is being talked between 70 to 73 basis points.

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