Fannie Mae sells $5 bln new 2-yr benchmark notes

NEW YORK, June 3 (BestGrowthStock) – Fannie Mae (FNM.N: ) (FNM.P: ),
the largest U.S. home funding source, on Thursday said it sold
$5.0 billion of new two-year benchmark notes due July 30,
2012.

The 1.125 percent notes were priced at 99.975 to yield
1.135 percent, or 30 basis points over comparable U.S.
Treasuries.

Settlement is June 7.

The joint lead managers on the sale were Bank of America
Merrill Lynch, Goldman Sachs and UBS.

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(Reporting by Caryn Trokie; Editing by Theodore d’Afflisio)

Fannie Mae sells $5 bln new 2-yr benchmark notes