Investors requested $2.28 billion in loans under the latest subscription deadline for the Federal Reserve’s legacy CMBS Term ABS Loan Facility (TALF), expanding from the muted $668.9 million in bids during the first round of financing on July 16.

Thursday’s legacy CMBS-eligible TALF facility bears rates of 3.03% on fixed three-year loans and 3.9% on fixed five-year loans. The facility closes Aug. 28.

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