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FE D E R A L RESERVE BANK O F N EW YORK Fiscal Agent of the United States for Student Loan Marketing Association Gjr-e^ /? < •• 7^ x O c to b e r 2 , 1973 RESULTS OF BIDDING FOR SLMA NOTES T o C ertain U. S. G overnm ent B on d D e a le r s , C om m ercial B anks, and C om m ercial P a per D e a le r s : The following statement was authorized by the Student Loan Marketing Association for issuance today, announcing the auction results of its recent offering of Notes: The S tu d e n t Loan M a r k e tin g A s s o c i a t i o n s o ld at a u c tio n t o d a y $100 m i l l i o n p a r v a lu e o f 182 -d a y d i s c o u n t n o t e s a t an average p r ic e o f 9 5 *9 0 3 , w h ich r e s u l t s in a r a t e o f d is c o u n t o f 8 .1 0 ^ p e r c e n t p e r annum on a 3 6 0 -d a y b a s i s . The n o t e s a r e d a t e d O c t o b e r k , 1973 and m a tu re on A p r i l h , 197*+• A c c e p t e d b i d s r a n g e d fro m a h ig h p r i c e o f 9 6 .0 1 2 cen t d is c o u n t) to a lo w o f 9 5 .8 7 0 (7 -8 8 8 p e r ( 8 .1 6 9 p e r c e n t d i s c o u n t ) . One h u n d re d p e r c e n t o f t h e t o t a l amount b i d f o r a t t h e lo w p r i c e was a cce p te d . T o t a l b i d s r e c e i v e d w ere $7*+5 m i l l i o n , o f w h ich $100 m i l l i o n w e re a c c e p t e d . Alfred Hayes, President.
@FedFRASER