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PRIVATE EXPORT FUNDING CORPORATION ISSUES $100 MILLION OF TEN-YEAR SECURED NOTES

 PRIVATE EXPORT FUNDING CORPORATION ISSUES
 $100 MILLION OF TEN-YEAR SECURED NOTES
 NEW YORK, Jan. 16 /PRNewswire/ -- Private Export Funding Corporation (PEFCO) today launched a public offering of $100 million of ten-year secured notes, Series NN. The issue, which is non-callable, matures Jan. 31, 2002, with interest payable Jan. 31 and July 31. The 7.30 percent issue was priced at 99.79, a spread of 26 basis points above Treasury securities with a similar maturity.
 BT Securities Corporation is the issue manager. The co-managers are Bank of American N.T. & S.A., Chase Securities, Inc., Citicorp Securities Markets, Inc., Dillon Read and Co., Inc., First Interstate Bank Ltd., and J.P. Morgan Securities.
 The notes have been rated "Triple A" by Moody's and Standard and Poor's. Net proceeds from the sale of the notes will be used by PEFCO to fund outstanding loan commitments.
 As in the case of previous PEFCO secured notes, the new Series NN notes will be secured as to principal by deposit with a trustee of obligations backed by the full faith and credit of the United States, with repayments scheduled to provide the trustee with sufficient cash to pay the unpaid principal balance of the notes at maturity. Timely payment of interest on PEFCO notes will be directly guaranteed by Eximbank.
 PEFCO is owned by 38 commercial banks involved in export financing, six industrial companies involved in exporting U.S. products and services and three financial services companies.
 -0- 1/16/92
 /CONTACT: Beverly R. Bassoff of Bankers Trust, 212-454-1695/ CO: Private Export Funding Corporation; Bankers Trust Company ST: New York IN: FIN SU: OFR


SM-JT -- NY084 -- 0645 01/16/92 15:36 EST
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Publication:PR Newswire
Date:Jan 16, 1992
Words:279
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