New Securities Issues
The following were among yesterday's offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)</br></br>CORPORATE</br></br>Fannie Mae -- $5 billion of two-year benchmark notes was priced via lead managers Credit Suisse First Boston, Lehman Brothers and Morgan Stanley. Terms: maturity: June 15, 2006; coupon: 2.5%; price: 99.929; yield: 2.535%; spread: 34.5 basis points above Treasurys; settlement: April 23, 2004.</br></br>GE Capital European Funding -- 800 million euros of seven-year floating-rate notes was priced, lead managers Dresdner Kleinwort Wasserstein and Lehman Brothers said. Terms: maturity: May 4, 2011; coupon: 12.5 basis points above three-month euro interbank offered rate; price: 99.705; reoffer: 99.705; payment: May 4, 2004; guarantor: General Electric Capital Corp.; fees: 0.35%; ratings: Aaa (Moody's Investors Service Inc.), triple-A (Standard & Poor's Ratings Group); listing: Luxembourg, Dublin; interest: quarterly.</br></br>International Finance Corp. -- $1 billion of global bonds was priced with the following terms, lead manager Nomura International and J.P. Morgan said: maturity: June 30, 2009; coupon: 3.75%; price: 99.941; reoffer: 99.941; payment: April 28, 2004; fees: 0.1%; ratings: Aaa (Moody's), triple-A (S&P); listing: Luxembourg; interest: semiannual.