New Issue: Fannie Mae sells $4 billion 1.5% five-year Benchmark Notes at 18 bps over Treasuries

By Aleesia Forni

Virginia Beach, April 23 – Fannie Mae priced $4 billion of 1.5% Benchmark Notes due June 22, 2020 on Thursday at Treasuries plus 18 basis points, according to a company press release.

The issue was talked was the 18.5 bps area over Treasuries.

Pricing was at 99.651 to yield 1.571%.

Barclays, Nomura Securities International, Inc. and TD Securities USA are the joint lead managers.

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

Issuer:	Fannie Mae
Amount:	$4 billion
Description:	Benchmark Notes
Maturity:	June 22, 2020
Lead managers:	Barclays, Nomura Securities International, Inc., TD Securities USA
Co-managers:	Citigroup Global Markets Inc., FTN Financial Capital Markets, Great Pacific Securities, MFR Securities, Inc., S.A. Ramirez & Co.
Coupon:	1.5%
Price:	99.651
Yield:	1.571%
Spread:	18 bps
Trade date:	April 23
Settlement date:	April 27
Price guidance:	18.5 bps area

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