By Kenneth Lim
Boston, Oct. 8 - Fannie Mae priced $5 billion of 1% two-year Benchmark Notes on Thursday at price talk with a spread of 24 basis points over Treasuries.
The notes were sold at 99.758 for a yield of 1.116%. Price talk was at a spread of 24 bps.
Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan & Co. were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $5 billion
|
| Coupon: | 1%
|
| Price: | 99.758
|
| Yield: | 1.116%
|
| Spread: | 24 bps over Treasuries
|
| Call protection: | Non-callable
|
| Price talk: | 24 bps over Treasuries
|
| Lead managers: | Banc of America Securities LLC, Citigroup Global Markets Inc., J.P. Morgan & Co.
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 9
|
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