By Angela McDaniels
Tacoma, Wash., April 22 - Fannie Mae priced $2 billion of 18-month notes at Federal Funds plus 51 basis points Monday under its universal debt facility, according to a pricing supplement.
The non-callable bonds priced at par and will mature on Oct. 22, 2010.
Interest is payable quarterly and is subject to a maximum of 24% per year.
UBS Securities LLC is the manager.
Settlement occurred Wednesday.
| Issuer: | Fannie Mae
|
| Issue: | Variable-rate notes
|
| Amount: | $2 billion
|
| Maturity: | Oct. 22, 2010
|
| Coupon: | Federal Funds Rate plus 51 bps, capped at 24% per year; payable quarterly
|
| Price: | Par
|
| Call option: | None
|
| Manager: | UBS Securities LLC
|
| Pricing date: | April 20
|
| Settlement date: | April 22
|
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