The following table lists historical trust certificate and treasury rates for the debenture program. This data was gathered from the Small Business Administration’s “Trust Certificate Rates: SBIC Debenture Pools” Effective March 13, 2024.
Trust Certificate Rates: SBIC Debenture Pools
| Pricing Date | Date of Sale | Treasury Rate | Spread Above Treasury | Trust Certificate Coupon Rate |
|---|---|---|---|---|
| 3/13/24 | 3/20/14 | 4.185% | 0.850% | 5.035% |
| 9/14/23 | 9/20/23 | 4.288% | 1.400% | 5.688% |
| 3/16/23 | 3/22/23 | 3.568% | 1.600% | 5.168% |
| 9/14/22 | 9/21/22 | 3.412% | 0.850% | 4.262% |
| 3/14/22 | 3/23/22 | 2.138% | 0.800% | 2.938% |
| 9/14/21 | 9/22/21 | 1.276% | 0.028% | 1.304% |
| 3/16/21 | 3/24/21 | 1.614% | 0.053% | 1.667% |
| 09/15/20 | 9/23/20 | 0.677% | 0.357% | 1.034% |
| 03/16/20 | 3/25/20 | 0.743% | 1.335% | 2.078% |
| 9/17/19 | 9/25/19 | 1.822% | 0.461% | 2.283% |
| 3/12/19 | 3/20/19 | 2.600% | 0.513% | 3.113% |
| 9/13/18 | 9/19/18 | 2.958% | 0.590% | 3.548% |
| 3/14/18 | 3/21/18 | 2.812% | 0.375% | 3.187% |
| 9/14/17 | 9/20/17 | 2.202% | 0.316% | 2.518% |
| 3/21/17 | 3/29/17 | 2.430% | 0.415% | 2.845% |
| 9/14/16 | 9/21/16 | 1.713% | 0.338% | 2.051% |
| 3/14/16 | 3/23/16 | 1.966% | 0.541% | 2.507% |
| 9/14/15 | 9/23/15 | 2.170% | 0.659% | 2.829% |
| 3/17/15 | 3/25/15 | 2.059% | 0.458% | 2.517% |
| 9/16/14 | 9/24/14 | 2.591% | 0.424% | 3.015% |
| 3/18/14 | 3/26/14 | 2.684% | 0.507% | 3.191% |
| 9/17/13 | 9/25/13 | 2.859% | 0.785% | 3.644% |
| 3/20/13 | 3/27/13 | 1.939% | 0.412% | 2.351% |
| 9/11/12 | 9/19/12 | 1.695% | 0.5500% | 2.245% |
| 3/14/12 | 3/21/12 | 2.263% | 0.503% | 2.766% |
| 9/12/11 | 9/21/11 | 1.954% | 0.923% | 2.877% |
| 3/22/11 | 3/29/11 | 3.341% | 0.743% | 4.084% |
| 9/15/10 | 9/22/10 | 2.670% | 0.545% | 3.215% |
| 3/17/10 | 3/24/10 | 3.642% | 0.466% | 4.108% |
| 9/16/09 | 9/23/09 | 3.468% | 0.765% | 4.233% |
| 3/18/09 | 3/25/09 | 2.942% | 1.678% | 4.620% |
| 9/18/08 | 9/24/08 | 3.452% | 2.273% | 5.725% |
| 3/18/08 | 3/26/08 | 3.393% | 2.078% | 5.471% |
| 9/18/07 | 9/26/07 | 4.493% | 1.035% | 5.528% |
| 3/20/07 | 3/28/07 | 4.543% | 0.833% | 5.376% |
| 9/20/06 | 9/27/06 | 4.717% | 0.818% | 5.535% |
| 3/15/06 | 3/22/06 | 4.729% | 0.795% | 5.524% |
| 9/20/05 | 9/28/05 | 4.267% | 0.674% | 4.941% |
| 3/15/05 | 3/23/05 | 4.540% | 0.498% | 5.038% |
| 9/15/04 | 9/22/04 | 4.166% | 0.518% | 4.684% |
| 3/17/04 | 3/24/04 | 3.657% | 0.463% | 4.120% |
| 9/16/03 | 9/24/03 | 4.285% | 0.590% | 4.875% |
| 3/19/03 | 3/26/03 | 3.938% | 0.690% | 4.628% |
| 9/20/02 | 9/25/02 | 3.780% | 0.890% | 4.670% |
| 3/18/02 | 3/27/02 | 5.313% | 1.030% | 6.343% |
| 9/20/01 | 9/26/01 | 4.706% | 1.180% | 5.886% |