Fannie Mae (FNMA/OTCQB) today announced the offering of new issue three-year Benchmark Notes® due July 10, 2023. Fannie Mae’s Benchmark Notes offerings typically price and settle within a few business days of the announcement date.
|Pricing Date||July 8, 2020|
|Settlement Date||July 10, 2020|
|Maturity Date||July 10, 2023|
|Issue Size||$7.0 billion|
|Payment Dates||Each January 10 and July 10 beginning January 10, 2021|
|Spread||+ 14 basis points / 0.125% 7/15/23 U.S. Treasury|
Barclays Capital Inc., Citigroup Global Markets Inc., Siebert Williams Shank & Co. LLC., and Wells Fargo Securities, LLC., are the lead managers. The co-managers include Academy Securities Inc., C.L. King & Associates, Drexel Hamilton, LLC., Guzman & Company and MFR Securities.
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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