By Kenneth Lim
Boston, Aug. 4 - Fannie Mae priced $7 billion of new 1% three-year Benchmark Notes on Wednesday at a spread of 23.5 basis points over Treasuries.
The notes were sold at 99.825 to yield 1.057%.
Price talk was at a spread of 24 bps over Treasuries.
Banc of America Securities, J.P. Morgan & Co. 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: | $7 billion
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Maturity: | Sept. 23, 2013
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Coupon: | 1%
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Price: | 99.825
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Yield: | 1.057%
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Spread: | 23.5 bps over Treasuries
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Price talk: | 24 bps over Treasuries
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Call: | Non-callable
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Lead managers: | Banc of America Securities, J.P. Morgan & Co. and UBS Securities LLC
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Pricing date: | Aug. 4
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Settlement date: | Aug. 6
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