New Issue: Fannie Mae sells $4 billion 2.375% five-year Benchmark Notes at 30 bps over Treasuries

By Kenneth Lim

Boston, March 2 - Fannie Mae priced $4 billion of new 2.375% five-year Benchmark Notes on Wednesday at a spread of 30 basis points over Treasuries.

The notes were sold at 99.796 to yield 2.418%. Price talk was at a spread of 30 bps over Treasuries.

Barclays Capital Inc., Citigroup Global Markets Inc. and UBS Securities LLC were the lead managers.

The notes are non-callable.

Issuer:	Fannie Mae
Issue:	Benchmark Notes
Amount:	$4 billion
Maturity:	April 11, 2016
Coupon:	2.375%
Price:	99.796
Yield:	2.418%
Spread:	30 bps over Treasuries
Price talk:	30 bps over Treasuries
Call:	Non-callable
Lead managers:	Barclays Capital Inc., Citigroup Global Markets Inc., UBS Securities LLC
Pricing date:	March 2
Settlement date:	March 3

© 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.