Timeline

NGN Issuance by Month

As part of the NGN Program, the NCUA utilized securitization to provide long-term funding for the legacy assets and guaranteed newly issued notes in its capacity as an agency of the executive branch of the United States government. NGNs are backed by the full faith and credit of the United States.

From October 2010 to June 2011, the NCUA issued 13 NGN transactions totaling $28.3 billion.

Different color shades represent multiple issuance in the same month. Click on Transaction Details for additional information.


NGN Transactions by Tranche and Maturity Date

Some NGNs have more than one slice, or tranche. The table below displays the range over which NGN tranche maturities will occur.

NGN Transactions by Tranche and Maturity Date
Trust Name and Tranche Maturity Date Closing Date
2011-M1 A1 June 12, 2013 June 15, 2011
2011-M1 A2 June 12, 2015 June 15, 2011
2011-M1 A3 June 12, 2017 June 15, 2011
2010-R2 I-A November 6, 2017 November 17, 2010
2011-M1 A4 June 12, 2019 June 15, 2011
2011-R1 Senior January 8, 2020 January 27, 2011
2011-R2 Senior February 6, 2020 February 11, 2011
2011-C1 I-A February 28, 2020 February 28, 2011
2011-R4 Senior March 6, 2020 March 31, 2011
2011-R3 Senior March 11, 2020 March 1, 2011
2011-R5 Senior April 6, 2020 April 14, 2011
2011-R6 Senior May 7, 2020 May 5, 2011
2010-R1 I-A & II-A October 7, 2020 October 27, 2010
2010-C1 A1, A2, & A-PT October 29, 2020 November 10, 2010
2010-R2 II-A November 5, 2020 November 17, 2010
2010-R3 I-A, II-A, & III-A December 8, 2020 December 9, 2010
2010-A1 Senior December 10, 2020 December 17, 2010
2011-C1 II-A March 9, 2021 February 28, 2011
2011-M1 A5 June 12, 2021 June 15, 2011