New Issue: Fannie Mae sells $3 billion 1.625% five-year notes at 8 bps spread

By Devika Patel

Knoxville, Tenn., Jan. 8 – Fannie Mae sold $3 billion of 1.625% five-year Benchmark Notes at 99.681 to yield 1.692% on Wednesday, according to a news release.

The notes priced with a spread of 8 basis points over Treasuries.

Barclays, Nomura Securities International, Inc., Siebert Williams Shank & Co., LLC and TD Securities (USA) LLC were the lead managers.

Fannie Mae is a mortgage credit provider based in Washington, D.C.

Issuer:	Fannie Mae
Description:	Benchmark Notes
Amount:	$3 billion
Maturity:	Jan. 7, 2025
Bookrunners:	Barclays, Nomura Securities International, Inc., Siebert Williams Shank & Co., LLC and TD Securities (USA) LLC
Co-managers:	Academy Securities Inc., CastleOak Securities LP, Loop Capital Markets LLC and MFR Securities, Inc.
Coupon:	1.625%
Price:	99.681
Yield:	1.692%
Spread:	Treasuries plus 8 bps
Trade date:	Jan. 8
Settlement date:	Jan. 10

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