By Kenneth Lim
Boston, May 12 - Fannie Mae priced $4 billion of new 1.125% three-year Benchmark Notes on Thursday at a spread of 20.5 basis points over Treasuries.
The notes were sold at 99.86 to yield 1.171%. Price talk was at a spread of 20 bps over Treasuries.
Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan & Co. are the lead managers of the offering.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $4 billion
|
| Maturity: | June 27, 2014
|
| Coupon: | 1.125%
|
| Price: | 99.86
|
| Yield: | 1.171%
|
| Spread: | 20.5 bps over Treasuries
|
| Price talk: | 20 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Goldman Sachs & Co. and J.P. Morgan & Co.
|
| Pricing date: | May 12
|
| Settlement date: | May 16
|
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