NEW YORK (MNI) – The New York Federal Reserve Bank announced Friday
it will accept bids from select dealers on more Maiden Lane III assets
next week.
In a statement on its website, the NY Fed said, “In light of
improving market conditions, Maiden Lane III LLC’s investment objective
was revised in April 2012 to allow for the exploration of sales of the
assets held in the portfolio. There is no fixed timeframe for the sales;
at each stage, the Federal Reserve will sell an asset through a
competitive process and only if the best available bid represents good
value for the public, while taking appropriate care to avoid market
disruption.”
Below are details of the security offerings:
Offering Circulation Date: May 11, 2012
Bid Submission Deadline: May 17, 2012
CUSIPs: 26441EAL5, 26441EAA9
Current Face Amount: $1,672,896,114
Broker-dealers Included in the Auction: Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc., Goldman, Sachs & Co., Guggenheim
Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Morgan Stanley & Co. LLC, RBS Securities Inc.
—
Offering Circulation Date: May 11, 2012
Bid Submission Deadline: May 22, 2012
CUSIPs: 746869AH9, 746869AK2, 746869AM8, 746869AP1, 746869AR7, 746869BE5
Current Face Amount: $690,567,610
Broker-dealers Included in the Auction: Citigroup Global Markets Inc.,
Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Nomura
Securities International, Inc., RBS Securities Inc.
** MNI New York Newsroom: 212-669-6430 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,MTABLE]
