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Fannie Mae's new two-year Benchmark Notes talked at 14 bps over Treasuries, to price Wednesday
By Lisa Kerner
Charlotte, N.C., Oct. 5 - Fannie Mae plans to price new two-year Benchmark Notes on Wednesday, and the notes were talked at a spread of 14 basis points over Treasuries, market sources said.
The size of the deal has not been set, but at least $4 billion of notes are expected to be offered, according to sources.
Barclays Capital Inc., JPMorgan and UBS Securities LLC are the lead managers.
The notes will be non-callable.
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