New Issue: Fannie Mae's $5 billion 0.875% three-year notes yield 28.5 bps over Treasuries

By Kenneth Lim

Boston, July 14 - Fannie Mae priced $5 billion of 0.875% three-year Benchmark Notes on Thursday at a spread of 28.5 basis points over Treasuries.

The notes sold at 99.82 to yield 0.934%. Price talk was at a spread of 29 bps over Treasuries.

BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and Goldman Sachs & Co. were the lead managers of the offering.

The notes are non-callable.

Issuer:	Fannie Mae
Issue:	Benchmark Notes
Amount:	$5 billion
Maturity:	Aug. 28, 2014
Coupon:	0.875%
Price:	99.82
Yield:	0.934%
Spread:	28.5 bps over Treasuries
Price talk:	29 bps over Treasuries
Call:	Non-callable
Lead managers:	BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co.
Pricing date:	July 14
Settlement date:	July 18
Cusip:	3135G0BY8

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