By Kenneth Lim
Boston, Aug. 17 - Fannie Mae priced $4 billion of new 1.25% five-year Benchmark Notes Wednesday at a spread of 35.5 basis points over Treasuries.
The notes were sold at 99.818 to yield 1.287%. Price talk was at a spread of 35 bps over Treasuries.
Barclays Capital Inc., J.P. Morgan Securities LLC and UBS Securities LLC were the lead managers.
The notes are non-callable.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $4 billion
|
| Maturity: | Sept. 28, 2016
|
| Coupon: | 1.25%
|
| Price: | 99.818
|
| Yield: | 1.287%
|
| Spread: | 35.5 bps over Treasuries
|
| Price talk: | 35 bps over Treasuries
|
| Call: | Non-callable
|
| Lead managers: | Barclays Capital Inc., J.P. Morgan Securities LLC and UBS Securities LLC
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 19
|
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