New Issue: Fannie Mae prices $5.5 billion 1.625% two-year Benchmarks Notes at 36 bps over Treasuries

By Lisa Kerner

Charlotte, N.C., Sept. 24 - Fannie Mae priced $5.5 billion of 1.625% five-year Benchmark Notes on Friday at a spread of 36 basis points over Treasuries.

The notes priced at 99.555 to yield 1.717%. Price talk was Treasuries plus 36 bps.

Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the lead managers.

The notes are non-callable.

Issuer:	Fannie Mae
Issuer:	Benchmark Notes
Amount:	$5.5 billion
Maturity:	Oct. 26, 2015
Coupon:	1.625%
Price:	99.555
Yield:	1.717%
Spread:	36 bps over Treasuries
Price talk:	36 bps over Treasuries
Call option:	Non-callable
Lead managers:	Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
Pricing date:	Sept. 24
Settlement date:	Sept. 27

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.