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Fannie Mae to offer $6b in notes

Fannie Mae to offer $6 billion of benchmark 3-year notes

Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013.

The offering was first announced Wednesday without specifics.

The notes were priced at $99.839 and will yield 1.803 percent each May 7 and November 7.

The settlement date for the offering is March 15.

Shares shed 1 cent to $1.09 in afternoon trading.

AP News |

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