Investors from the U.S. bought more of Fannie Mae's latest new issue three-year bullet Benchmark Notes than investors from any other nation or region. Still, more than half of the transaction went to foreign investors.
U.S. investors bought 41.9% of the Benchmark Notes due Aug. 20, 2013 (CUSIP 31398AX31), while Asian investors bought 27.6%, European investors bought 2.5% and "other" foreign investors bought 28%.
A call to Fannie Mae for comment on the geographic distribution had not been returned at press time.
Central banks represented 55.2% of the investor base, fund managers bought 35.2% of the offering, commercial banks bought 4%, state/local governments purchased 2.5%, 1.8% of the transaction went to insurance companies and the remaining 0.3% went to retail investors.
