Fannie Mae defies market gloom to up bond to $9bn

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Fannie Mae defies market gloom to up bond to $9bn

September 04, 1998 12:00 AM

US AGENCY Fannie Mae proved the advantages of offering investors liquidity this week when in the face of volatile swap and credit spreads it successfully raised $2bn through a tap of its five year global benchmark note, having already raised the same amount through a 10 year add-on last week.

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