New York Fed Delays $1.7 Billion Maiden Lane III Debt Sale
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The Federal Reserve Bank of New York said it’s postponing a sale that had been scheduled to be completed today of $1.7 billion of debt held in its Maiden Lane III LLC portfolio.
The transaction was delayed to give market participants more time to weigh information about the collateralized debt obligation, according to a person familiar with the matter, who declined to be identified without authorization to speak publicly. The district bank announced the delay in a posting on its website.