Annaly (NLY) announces the repurchase of $600M in 4% convertible senior notes due in 2015....

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

Annaly (NLY) announces the repurchase of $600M in 4% convertible senior notes due in 2015. Lengthening the average days to maturity of its repo agreements, the move is in line with the firm's typical conservative financing aims. The company also announces an offering of Series D preferred shares. Market chatter has these set to be priced around 7.5%.