Annaly Capital Management, New York, hopes to raise $1.1 billion through an additional stock offering, using the proceeds to buy MBS.
In total, it will offer 60 million shares of common. The MBS will be held in the REIT's investment portfolio. Credit Suisse is the lead book-running manager for the offering. Barclays Capital, Deutsche Bank Securities and RCap Securities are serving as the book-running managers.