By Kenneth Lim
Boston, July 8 - Fannie Mae priced $6 billion of new 1.25% three-year Benchmark Notes on Thursday at a spread of 23.5 basis points over Treasuries.
The notes were sold at 99.979 to yield 1.257%. Price talk was at a spread of 23.5 bps over Treasuries.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS Securities LLC were the lead managers.
The notes are non-callable.
Issuer: | Fannie Mae
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Issue: | Benchmark Notes
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Amount: | $6 billion
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Maturity: | Aug. 20, 2013
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Coupon: | 1.25%
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Price: | 99.979
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Yield: | 1.257%
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Spread: | 23.5 bps over Treasuries
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Price talk: | 23.5 bps over Treasuries
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Call: | Non-callable
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Lead managers: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS Securities LLC
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Pricing date: | July 8
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Settlement date: | July 9
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