Fannie Mae to price two-year Benchmarks Thursday; price talk at spread of 24 bps, sources say

By Kenneth Lim

Boston, Oct. 7 - Fannie Mae plans to price a series of two-year Benchmark Notes on Thursday, with price talk at a spread of 24 basis points over Treasuries and a deal size of at least $3 billion, market sources said.

Banc of America Securities, Citigroup Global Markets Inc. and J.P. Morgan & Co are the lead managers of the offering.

The notes will be non-callable.

The deal will settle on Oct. 9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.