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More information on the newly operational.......>

FED
FED: More information on the newly operational Primary Market Corporate Credit
Facility: 
* Fed has not been approached at this point by individual issuers
* Corporate credit facilities have penalty pricing and act as backstops and the
Fed expects limited usage under current market conditions 
* Fed will provide usage information in a report to Congress every 30 days, and
issuers will likely disclose deals in SEC filings in real time
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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