By Lisa Kerner
Charlotte, N.C., Jan. 28 - Fannie Mae priced $5 billion of 1.25% three-year Benchmark Notes on Friday at a spread of 26.5 basis points over Treasuries.
The notes were sold at 99.955 to yield 1.265%. Price talk initially was at a spread of 26 bps over Treasuries and rose to 26.5 bps over Treasuries.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $5 billion
|
| Maturity: | Feb. 27, 2014
|
| Coupon: | 1.25%
|
| Price: | 99.955
|
| Yield: | 1.265%
|
| Spread: | 26.5 bps over Treasuries
|
| Price talk: | 26 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co.
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 1
|
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