By Jennifer Chiou
New York, May 13 - Fannie Mae priced $5 billion of two-year variable-rate notes at Libor minus 12 basis points on Friday under its universal debt facility, according to a pricing supplement.
The non-callable bonds priced at par and will mature on May 13, 2011.
Interest is payable quarterly.
Barclays Capital Inc. is the manager.
Settlement occurred on Wednesday.
| Issuer: | Fannie Mae
|
| Issue: | Variable-rate notes
|
| Amount: | $5 billion
|
| Maturity: | May 13, 2011
|
| Coupon: | Libor minus 12 bps; payable quarterly
|
| Price: | Par
|
| Call option: | None
|
| Manager: | Barclays Capital Inc.
|
| Pricing date: | May 8
|
| Settlement date: | May 13
|
| Fees: | 0.019%
|
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