Fannie Mae prices benchmark REMIC

Fannie Mae announced today that it priced $2 billion of benchmark REMIC Trust 2006-B1, Class AB, CUSIP 31395NPD3, a guaranteed maturity class  with a class coupon of 6.000% and a final maturity date of June 25, 2016.  The class issue was priced at 99.5781 to yield 6.082%, or 94 basis points over the interpolated Treasury curve. Settlement is set for this Monday. Bear Stearns, Lehman Brothers and UBS served as the lead underwriters for Benchmark REMIC Trust 2006-B1 AB. The co-managers on the deal were Citigroup Global Markets , Deutsche Bank Securities, Goldman Sachs, Greenwich Capital Markets., Merrill Lynch, Pierce, Fenner & Smith, JPMorgan Securities, and Morgan Stanley.