New Issue: Fannie Mae sells $4 billion three-year Benchmark Notes at 32 bps over Treasuries

By Jennifer Chiou

New York, July 9 - Fannie Mae issued $4 billion of 1.75% Benchmark Notes due Aug. 10, 2012 priced at 99.926 to yield 1.775%, or 32 basis points over Treasuries.

Bank of America Securities, Barclays Capital Inc. and J.P. Morgan & Co. are the joint lead managers.

The co-managers include Goldman, Sachs & Co., MFR Securities, Inc., Morgan Stanley & Co. and UBS Securities LLC.

Issuer:	Fannie Mae
Issue:	Benchmark Notes
Amount:	$4 billion
Maturity:	Aug. 10, 2012
Lead managers:	Bank of America Securities, Barclays Capital Inc. and J.P. Morgan & Co.
Co-managers:	Goldman, Sachs & Co., MFR Securities, Inc., Morgan Stanley & Co. and UBS Securities LLC
Coupon:	1.75%
Price:	99.926
Yield:	1.775%
Spread:	32 bps over the 1.5% Treasury due July 15, 2012
Pricing date:	July 9
Settlement date:	July 10

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