New Issue: Fannie Mae sells $5 billion five-year Benchmark Notes at 56 bps over Treasuries

By Jennifer Chiou

New York, May 13 - Fannie Mae issued $5 billion of 2.5% Benchmark Notes due May 15, 2014 priced at 99.855 to yield 2.531%, or 56 basis points over Treasuries.

Deutsche Bank Securities Inc. and J.P. Morgan & Co. are the joint lead managers.

The co-managers include Blaylock Robert Van, LLC, FTN Financial Capital Markets, Morgan Stanley & Co. and UBS Securities LLC.

Issuer:	Fannie Mae
Issue:	Benchmark Notes
Amount:	$5 billion
Maturity:	May 15, 2014
Lead managers:	Deutsche Bank Securities Inc. and J.P. Morgan & Co.
Co-managers:	Blaylock Robert Van, LLC, FTN Financial Capital Markets, Morgan Stanley & Co. and UBS Securities LLC
Coupon:	2.5%
Price:	99.855
Yield:	2.531%
Spread:	56 bps over the 1.875% Treasury due April 30, 2014
Pricing date:	May 13
Settlement date:	May 15

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