Fannie Mae Benchmark Notes sell mostly in United States; hold around issue level

By Lisa Kerner

Charlotte, N.C., March 13 - Fannie Mae's $9 billion five-year Benchmark Notes that priced on Thursday sold primarily in the United States, which took down 75.7% of the total.

Other regions were Asia, which accounted for 11.8%, followed by Europe at 4.9%, the agency said.

Investors were led by fund managers at 56.9%, followed by central banks at 18.0%, insurance companies at 9.6%, and state and local governments at 9.5%, according to Fannie Mae.

In trading Friday, the new Benchmark Notes didn't see much movement, according to one source.

He added that he considered Friday a little slow.

Fannie Mae priced $9 million of new 2.75% five-year Benchmark Notes slightly tighter than talk on Thursday. The notes came at 90 basis points over Treasures, slightly tighter than talk for a spread in the 91 bps area over Treasuries.

The new Benchmark Note matures March 13, 2014 and priced at 99.625 to yield 2.831%.

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