The National Credit Union Administration late Monday came to market with its 13th and final offering of NCUA Guaranteed Notes, selling $2.21 billion of mortgage-backed product to investors.

The bonds are collateralized by toxic, nonprime MBS once owned by five now defunct corporate (wholesale) credit unions: U.S. Central FCU, WesCorp FCU, Members United Corporate FCU, Southwest Corporate FCU and Constitution Corporate.

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