Bookrunners: Barclays Capital, Citi, JPMorgan
Following hot on the heels of the government bailout on September 7, the $7 billion issue from Fannie Mae received a resounding welcome from the market. The enthusiasm for the US housing agency's book meant the deal was well oversubscribed, at $9.4 billion, driving the price to 70bp over US Treasuries, a level equal to 26bp below mid-swaps.
"A lot depended on this deal working confidence in the GSE sector a
The week on Risk.net, December 2–8, 2017Receive this by email