Fannie Mae has priced $3 billion of 4.875% five-year Benchmark Notes at 99.759.The five-year issue (CUSIP: 31398ABX9), due May 18, 2012, yields 4.930% at a spread of 31.5 basis points over the 4.500% Treasury due April 30, 2012. The settlement date is May 18. The joint lead managers are Barclays Capital Inc., Lehman Brothers Inc., and UBS Securities LLC. Fannie Mae can be found on the Web at http://www.fanniemae.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry