By Jennifer Chiou
New York, Feb. 26 - Fannie Mae priced $15 billion of two-year Benchmark Notes on Thursday at Treasuries plus 68 basis points.
The 1.75% notes, which mature March 23, 2011, priced at 99.897 to yield 1.801%.
J.P. Morgan Securities Inc., Barclays Capital Inc. and UBS Securities LLC were the joint lead managers.
Co-managers for the offering included Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. and Williams Capital Group LP.
As previously reported, Freddie Mac priced a $10 billion offering of three-year Reference Notes at Treasuries plus 88 basis points. J.P. Morgan Securities, Morgan Stanley & Co. Inc. and UBS Securities were lead managers for the deal, which priced on Feb. 18.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $15 billion
|
| Maturity: | March 23, 2011
|
| Lead managers: | J.P. Morgan Securities Inc., Barclays Capital Inc. and UBS Securities LLC
|
| Co-managers: | Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. and Williams Capital Group LP
|
| Coupon: | 1.75%, payable semiannually
|
| Price: | 99.897
|
| Yield: | 1.801%
|
| Spread: | 68 bps
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 27
|
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