Published on 9/12/2018 in the Prospect News Agency DailyProspect News Investment Grade Daily.
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
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Description: | Benchmark Notes
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Amount: | $2 billion
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Maturity: | Sept. 12, 2023
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Bookrunners: | Barclays, Citigroup Global Markets Inc., Nomura Securities International, Inc. and Williams Capital Group LP
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Co-managers: | Academy Securities, C.L. King & Associates, Great Pacific Securities and Siebert Capital Markets
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Coupon: | 2.875%
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Price: | 99.59
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Yield: | 2.964%
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Spread: | Treasuries plus 11 bps
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Trade date: | Sept. 12
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Settlement date: | Sept. 14
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