Fannie Mae's two-year Benchmark Notes talked at 15 bps over Treasuries, to price Wednesday

By Lisa Kerner

Charlotte, N.C., June 14 - Fannie Mae plans to price new two-year Benchmark Notes on Wednesday. The spread over Treasuries is talked at 15 basis points, market sources said.

The size of the deal has not been set, but at least $3 billion is expected to be offered.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC are the lead managers.

Co-managers include Blaylock Robert Van, LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., FTN Financial Capital Markets, Goldman Sachs & Co. and Williams Capital Group LP.

The notes are non-callable.

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