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Fannie Mae talks two-year Benchmark Notes at 22 bps over Treasuries; deal timing, size to be set
By Kenneth Lim
Boston, Jan. 12 - Fannie Mae plans to price new two-year Benchmark Notes, talked at a spread of 22 basis points over Treasuries, market sources said.
The timing and size of the deal had not been set when the deal was announced early Wednesday, but pricing is expected to be Thursday and the offering amount should be at least $3 billion, sources said.
Barclays Capital Inc., J.P. Morgan Securities LLC and UBS Securities LLC are the lead managers.
The notes will be non-callable.
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