By Lisa Kerner
Charlotte, N.C., June 15 - Fannie Mae priced $3 billion of 0.5% Benchmark Notes due Aug. 9, 2013 on Wednesday at a spread of 17 basis points over Treasuries.
The notes were sold at 99.83 to yield 0.58%.
Price talk initially was at a spread of 15.5 bps over Treasuries and rose to 17 bps over Treasuries.
Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $3 billion
|
| Maturity: | Aug. 9, 2013
|
| Coupon: | 0.5%
|
| Price: | 99.83
|
| Yield: | 0.58%
|
| Spread: | 17 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC
|
| Pricing date: | June 15
|
| Settlement date: | June 17
|
| Price talk: | 15 bps over Treasuries
|
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