Fannie Mae talks five-year Benchmark Notes at 18.5 bps area over Treasuries; pricing Thursday

By Aleesia Forni

Virginia Beach, April 22 – Fannie Mae announced plans to price an offering of Benchmark Notes due June 22, 2020, according to a market source and a company press release.

The issue is talked in the 18.5 basis points area over Treasuries and is expected to price on Thursday.

The settlement date is April 27.

Barclays, Nomura Securities International, Inc. and TD Securities USA are the joint lead managers. The co-managers include Citigroup Global Markets Inc., FTN Financial Capital Markets, Great Pacific Securities, MFR Securities, Inc. and S.A. Ramirez & Co.

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

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