By Andrea Heisinger
New York, July 17 - Fannie Mae priced $3 billion of 0.625% three-year Benchmark Notes Wednesday to yield Treasuries plus 16 basis points, according to a press release.
The bonds priced at 99.679 to yield 0.73%.
Barclays, J.P. Morgan Securities LLC and Nomura Securities International Inc. were bookrunners for the sale, which was announced Tuesday.
Among investors in the issue, 79.9% came from the United States, 9.6% came from Asia, 0.7% came from Europe and the remaining 9.8% came from the rest of the world. Fund managers made up 56.1% of those investing, followed by central banks at 17.8% and state and local governments at 11.3%.
The government-backed mortgage lender is based in Washington, D.C.
| Issuer: | Fannie Mae
|
| Issue: | Benchmark Notes
|
| Amount: | $3 billion
|
| Maturity: | July 22, 2016
|
| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Nomura Securities International Inc.
|
| Coupon: | 0.625%
|
| Price: | 99.679
|
| Yield: | 0.73%
|
| Spread: | Treasuries plus 16 bps
|
| Trade date: | July 17
|
| Settlement date: | July 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
