Fannie Mae (FNM) announced the results for reopening of $1 billion worth 5-Year benchmark notes that matures on November 20, 2014. The auction date for the notes was December 2, and the settlement date is schedulded on December 4. Current outstanding was $3.5 billion. The coupon was fixed at 2.625% and the yield is 2.250%. Payment for the notes will be made semi annually on each November 20th and May 20th.
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