New Issue: Fannie Mae prices $1 billion more three-year Benchmark Notes at 99.791 to yield 1.823%

By Jennifer Chiou

New York, Aug. 26 - Fannie Mae said it reopened its issue of 1.75% Benchmark Notes due Aug. 10, 2012, pricing $1 billion more of the notes at 99.791 to yield 1.823%.

The original $4 billion priced on July 9 at 99.926 to yield 1.775%, or 32 basis points over Treasuries.

Banc of America Securities LLC, Barclays Capital Inc. and J.P. Morgan Securities Inc. 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
Total amount:	$5 billion (including $1 billion reopened notes)
Maturity:	Aug. 10, 2012
Lead managers:	Banc of America Securities LLC, Barclays Capital Inc. and J.P. Morgan Securities Inc.
Co-managers:	Goldman, Sachs & Co., MFR Securities, Inc., Morgan Stanley & Co. and UBS Securities LLC
Coupon:	1.75%
Price:	99.926 for original $4 billion; 99.791 for $1 billion
Yield:	1.775% for original $4 billion; 1.823% for $1 billion
Spread:	32 bps over the 1.5% Treasury due July 15, 2012
Pricing dates:	July 9 for original $4 billion; Aug. 26 for $1 billion
Settlement dates:	July 10 for original $4 billion; Aug. 28 for $1 billion

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.