FANNIE MAE took the international bond markets by storm once again this week when it launched the second issue from its benchmark note programme. Already the triple-A rated US agency's strategy of issuing highly liquid deals appears to be paying dividends in terms of the pricing it can achieve. The $4bn 10 year deal, led by Goldman Sachs, JP Morgan and Morgan Stanley Dean Witter, was judged an equal success to the similarly sized five year deal which kicked off Fannie Mae's programme in early January.
February 06, 1998