By Kenneth Lim
Boston, March 11 - Fannie Mae priced $6 billion of new 1.75% three-year Benchmark Notes on Thursday at an initial spread of 31 basis points over Treasuries.
The notes were sold at 99.839 to yield 1.803%. Price talk was for a spread of 31 bps over Treasuries.
Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan & Co. were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $6 billion
|
| Maturity: | May 7, 2013
|
| Coupon: | 1.75%
|
| Price: | 99.839
|
| Yield: | 1.803%
|
| Initial spread: | 31 bps over Treasuries
|
| Price talk: | 31 bps over Treasuries
|
| Call: | Non-callable
|
| Pricing date: | March 11
|
| Settlement date: | March 15
|
| Lead managers: | Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan & Co.
|
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