Published on 4/23/2015 in the Prospect News Agency DailyProspect News Investment Grade Daily.
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
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Amount: | $4 billion
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Description: | Benchmark Notes
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Maturity: | June 22, 2020
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Lead managers: | Barclays, Nomura Securities International, Inc., TD Securities USA
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Co-managers: | Citigroup Global Markets Inc., FTN Financial Capital Markets, Great Pacific Securities, MFR Securities, Inc., S.A. Ramirez & Co.
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Coupon: | 1.5%
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Price: | 99.651
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Yield: | 1.571%
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Spread: | 18 bps
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Trade date: | April 23
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Settlement date: | April 27
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Price guidance: | 18.5 bps area
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