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Issuance, rates and spreads. . DCFLLC 2011. No distribution without permission.. 2. SBA 504 Debenture Issuance Summary - FY 2011. In FY 2011 $3,650,881,000 in debentures were issued, up 6.0% y/y.The average 20-year debenture interest rate was 3.64% versus 3.97% for the year-ago period. The ten-
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