Fannie Mae's new three-year Benchmark Notes talked at 24 bps over Treasuries, to price Wednesday

By Kenneth Lim

Boston, Aug. 3 - Fannie Mae plans to price new three-year Benchmark Notes on Wednesday, talked at a spread of 24 basis points over Treasuries, market sources said.

The size of the deal has not been set, but at least $3 billion of notes are expected to be offered.

Banc of America Securities, J.P. Morgan & Co. and UBS Securities LLC are the lead managers.

The notes are non-callable.

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