By Kenneth Lim
Boston, April 15 - Fannie Mae priced $4 billion of two-year 1.25% Benchmark Notes on Thursday at a spread of 25 basis points over Treasuries.
The debt came to market in line with price talk for a spread of 25 bps over Treasuries.
The notes were sold at 99.887 to yield 1.303%.
Barclays Capital Inc., Citigroup Global Markets Inc. and UBS Securities LLC were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $4 billion
|
| Maturity: | June 22, 2012
|
| Coupon: | 1.25%
|
| Price: | 99.887
|
| Yield: | 1.303%
|
| Spread: | 25 bps over Treasuries
|
| Price talk: | 25 bps over Treasuries
|
| Call: | Non-callable
|
| Pricing date: | April 15
|
| Settlement date: | April 19
|
| Lead managers: | Barclays Capital Inc., Citigroup Global Markets Inc. and UBS Securities LLC
|
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