New Issue: Fannie Mae sells $6 billion two-year Benchmark Notes at 60 bps over Treasuries

By Susanna Moon

Chicago, April 8 - Fannie Mae issued $6 billion of 1.375% Benchmark Notes due April 28, 2011 priced at 99.759 to yield 1.495%, or 60 basis points over Treasuries.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are the joint lead managers.

The co-managers include FTN Financial Capital Markets, HSBC Securities (USA) Inc., Jefferies & Co. Inc. and Morgan Stanley & Co. Inc.

Issuer:	Fannie Mae
Issue:	Benchmark Notes
Amount:	$6 billion
Maturity:	April 28, 2011
Lead managers:	Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs & Co.
Co-managers:	FTN Financial Capital Markets, HSBC Securities (USA) Inc., Jefferies & Co. Inc., and Morgan Stanley & Co. Inc.
Coupon:	1.375%
Price:	99.759
Yield:	1.495%
Spread:	60 bps over the 0.875% Treasury due March 31, 2011
Pricing date:	April 8
Settlement date:	April 9

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