By Kenneth Lim
Boston, Dec. 2 - Fannie Mae on Wednesday priced a $1 billion reopening of its 2.625% five-year Benchmark Notes to yield 2.25%.
The notes were sold at 101.751 through an auction.
There was $3.5 billion of outstanding notes under the series before the reopening.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes reopening
|
| Amount: | $1 billion
|
| Maturity: | Nov. 20, 2014
|
| Coupon: | 2.625%
|
| Price: | 101.751
|
| Yield: | 2.25%
|
| Call protection: | Non-callable
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 4
|
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