By Angela McDaniels
Tacoma, Wash., Aug. 13 - Fannie Mae priced $3 billion of 3% Benchmark Notes due Sept. 16, 2014 to yield 43.5 basis points over the 2.625% Treasury due July 31, 2014.
The bonds priced at 99.73 to yield 3.058%, according to an agency news release.
Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan Securities Inc. are the joint lead managers.
The co-managers include Deutsche Bank Securities Inc., Guzman & Co., Morgan Stanley & Co. Inc. and Utendahl Capital Partners, LP.
The issuer said it will apply to list the notes on the EuroMTF market of the Luxembourg Stock Exchange.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $3 billion
|
| Maturity: | Sept. 16, 2014
|
| Coupon: | 3%
|
| Price: | 99.73
|
| Yield: | 3.058%
|
| Spread: | 43.5 bps over the 2.625% Treasury due July 31, 2014
|
| Underwriters: | Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan Securities Inc. (leads) as well as Deutsche Bank Securities Inc., Guzman & Co., Morgan Stanley & Co. Inc. and Utendahl Capital Partners LP
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 14
|
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