The National Credit Union Administration (NCUA) is preparing its latest offering of corporate bailout bonds, this one $840 million worth of so-called NCUA Guaranteed Notes backed by CMBS.

The latest offering will have two tranches, one a fixed-rate deal and the other floating-rate.

The newest deal brings to more than $21 billion worth sold by NCUA since October, with some $5 billion more planned.

The bonds are federally guaranteed.

Barclays Capital is the lead underwriter.


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