Fed Plans More ML III Sales of 20 CDOs

Published Updated 1 Min Read

The Federal Reserve Bank of New York is planning on selling more assets from 20 CDOs forming part of its Maiden Lane III (ML III) portfolio. Offering circulars were released today.

The bids for the CDOs will be due on three different dates: July 19, 24 and 31.

The breakdown of the future sales were posted by the N.Y. Fed on its Web site. For details, click here. 


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report

NY Fed Sells Rest of Maiden Lane III Securities

The Federal Reserve Bank of New York announced today the sale of the rest of the securities in the Maiden Lane III (ML III) portfolio. Taxpayers will enjoy a net gain of roughly $6.6 billion from the bank’s management of the ML III portfolio. This includes $737 million in accrued interest on the New York Fed’s loan to ML III. […]

New York Fed Ends $62 Bln Auction

The central bank is planning to sell $3.4 billion in toxic mortgage debt today that it inherited four years ago when it bailed out AIG.

BofA Merrill Chronicles ML III Success

Barclays Capital, Citigroup Global Markets, Credit Suisse and Deutsche Bank Securities were among the winning bidders for the sale of roughly $4.5 billion of additional assets from the Maiden Lane III (ML III) portfolio, the New York Federal Reserve said in a press release today. For details of the sale, please click here. To date, about $31.6 billion […]

Barclays: Fed Sells Over Half of ML III’s Original Portfolio

After the Federal Reserve Bank of New York made its initial offering in late April of its Maiden Lane III (ML III) holdings, it sold about 58% ($28 billion) of the portfolio, Barclays Capital analysts said in their most recent Securitized Products Weekly. The Fed is planning to put on offer another 23% ($11 billion) of […]