New Issue: Fannie Mae prices $3.5 billion 1.875% 10-year notes at 33 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., Sept. 23 – Fannie Mae priced $3.5 billion of 1.875% 10-year Benchmark Notes at 99.367 to yield 1.945% on Friday, according to a press release.

The notes priced with a spread of 33 basis points over Treasuries.

Citigroup Global Markets Inc., Nomura Securities International Inc. and TD Securities (USA) LLC were the lead managers.

Fannie Mae will apply to list the securities on the EuroMTF market of the Luxembourg Stock Exchange.

The mortgage credit provider is based in Washington, D.C.

Issuer:	Fannie Mae
Amount:	$3.5 billion
Description:	Benchmark Notes
Maturity:	Sept. 24, 2026
Bookrunners:	Citigroup Global Markets Inc., Nomura Securities International Inc., TD Securities (USA) LLC
Co-managers:	Blaylock Beal Van LLC, Great Pacific Securities, Multi-Bank Securities, Inc., Samuel A. Ramirez & Co.
Coupon:	1.875%
Price:	99.367
Yield:	1.945%
Spread:	Treasuries plus 33 bps
Trade date:	Sept. 23
Settlement date:	Sept. 27

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