NCUA Raises $13.1 Billion From First Three Offerings of Guaranteed Notes
The NCUA said today it has completed three offerings of its Guaranteed Notes and raised $13.1 billion.
The agency said it completed two transactions in November, which followed the transaction completed in October. The first November transaction included three classes of notes valued at $3.6 billion, backed by commercial mortgage backed securities. The second transaction featured two series of notes valued at $5.4 billion and are backed by residential mortgage-backed securities.