New Issue: Fannie Mae prices $4.5 billion 2.625% 10-year Benchmark Notes at 32 bps spread

By Aleesia Forni

Virginia Beach, Sept. 4 – Fannie Mae priced $4.5 billion of 2.625% Benchmark Notes due Sept. 6, 2024 at Treasuries plus 32 basis points, according to a market source and a company news release.

The notes sold in line with talk.

Pricing was at 99.087 to yield 2.73%.

The issue will settle on Sept. 8.

Deutsche Bank Securities Inc., J.P. Morgan & Co. and Nomura Securities International, Inc. are the joint lead managers.

The government-backed mortgage lender is based in Washington, D.C.

Issuer:	Fannie Mae
Amount:	$4.5 billion
Description:	Benchmark Notes
Maturity:	Sept. 6, 2024
Bookrunners:	Deutsche Bank Securities Inc., J.P. Morgan & Co., Nomura Securities International, Inc.
Co-managers:	Barclays, CastleOak Securities, LP, FTN Financial Capital Markets, Multi-Bank Securities Inc.
Coupon:	2.625%
Price:	99.087
Yield:	2.73%
Spread:	Treasuries plus 32 bps
Trade date:	Sept. 4
Settlement date:	Sept. 8
Price talk:	Treasuries plus low- to mid-30 bps area

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