By Kenneth Lim
Boston, Feb. 26 - Fannie Mae priced $4 billion of 1% two-year Benchmark Notes on Friday at an initial spread of 20 basis points over Treasuries, according to a press release.
The notes were sold at 99.959 to yield 1.02%. Price talk was at a spread of 19 bps over Treasuries, market sources said.
Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. were the lead managers.
The notes will be non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $4 billion
|
| Maturity: | April 4, 2012
|
| Coupon: | 1%
|
| Price: | 99.959
|
| Yield: | 1.02%
|
| Initial spread: | 20 bps over Treasuries
|
| Price talk: | 19 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co.
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 2
|
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