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FED ER A L RESERVE BANK OF N EW YORK F i s c a l Agent o f the U nited S ta te s for Student Loan Marketing A sso c ia tio n O ctob er 3 0 , 1973 RESULTS OF BIDDING FOR SLMA NOTES To Certain U. S. Government Bond D ealers, Commercial Banks, and Commercial Paper D ealers: 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 en t Loan M a rk etin g A s s o c i a t i o n s o ld a t a u c tio n to d a y $100 m i l l i o n p a r v a lu e o f 18 2 -d a y d is c o u n t n o te s a v e ra g e p r i c e o f 9 6 . 1 9 7 , which r e s u l t s in a r a t e o f d is c o u n t o f 7 * 5 2 2 p e r c e n t p e r annum on a 3 6 0 -d a y b a s i s . d a te d November 1 , 1 9 7 3 and m ature on May 2 , A c c e p te d b id s c e n t d is c o u n t ) to n in e p e r c e n t o f th e t o t a l a c c e p te d . T o t a l b id s The n o te s are 197^- ran ged from a h ig h p r i c e a low o f 9 6 .1 6 5 a t an o f 9 6 .2 3 ^ (7 -^ 9 (7 -5 8 6 p ercen t d is c o u n t). amount b i d p er T w enty- f o r a t th e low p r i c e was r e c e i v e d were $ 7 2 0 .1 m i l l i o n , o f which $100 m i l l i o n w ere a c c e p te d . Alfred Hayes, President.
@FedFRASER