New Issue: Fannie Mae prices $1 billion reopening of 1% two-year Benchmark Notes to yield 0.92%

By Kenneth Lim

Boston, Nov. 18 - Fannie Mae priced a $1 billion reopening of 1% two-year Benchmark Notes on Wednesday to yield 0.92%, according to a press release.

The notes were sold at 100.159. The spread was about 15 basis points over Treasuries, market sources said.

Following the issuance, there is $5 billion outstanding under the series.

Issuer:	Fannie Mae
Issue:	Benchmark Notes reopening
Amount:	$1 billion
Maturity:	Nov. 23, 2011
Coupon:	1%
Price:	100.159
Yield:	0.92%
Spread:	15 bps over Treasuries
Call protection:	None
Pricing date:	Nov. 18
Settlement date:	Nov. 20

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