New Issue: Fannie Mae sells $2 billion 2.875% five-year notes at 11 bps spread

By Devika Patel

Knoxville, Tenn., Sept. 12 – Fannie Mae sold $2 billion of 2.875% five-year Benchmark Notes at 99.59 to yield 2.964% on Friday, according to a news release.

The notes priced with a spread of 11 basis points over Treasuries.

Barclays, Citigroup Global Markets Inc., Nomura Securities International, Inc. and Williams Capital Group LP were the lead managers.

Fannie Mae is a mortgage credit provider based in Washington, D.C.

Issuer:	Fannie Mae
Description:	Benchmark Notes
Amount:	$2 billion
Maturity:	Sept. 12, 2023
Bookrunners:	Barclays, Citigroup Global Markets Inc., Nomura Securities International, Inc. and Williams Capital Group LP
Co-managers:	Academy Securities, C.L. King & Associates, Great Pacific Securities and Siebert Capital Markets
Coupon:	2.875%
Price:	99.59
Yield:	2.964%
Spread:	Treasuries plus 11 bps
Trade date:	Sept. 12
Settlement date:	Sept. 14

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