Issuers sold about $6bn of bonds backed by consumer loans in the latest round of financing through the Federal Reserve’s TALF scheme, reports the WSJ. The deals pushed the total amount of TALF-related issuance above $90bn since the scheme began in March. Under TALF, the Fed lends money to investors to help them buy new asset-backed securities, and has since extended the scheme to include new and existing commercial-mortgage bonds.

This entry was posted by Gwen Robinson on Wednesday, November 4th, 2009 at 4:48 and is filed under Capital markets. Tagged with talf. Edit this entry.