Fannie Mae Announces Offering of New Issue 3-Year Benchmark Notes(R) Due December 18, 2013 and Auction (Reopening) of 5-Year Benchmark Notes(R) Due October 26, 2015By Fannie Mae, PRNE
Tuesday, October 26, 2010
WASHINGTON, October 27, 2010 - The following is being issued by Fannie Mae (OTC Bulletin Board: FNMA):
3-Year 5-Year (Reopening) Pricing/Auction Date October 28, 2010 October 28, 2010 Settlement Date November 1, 2010 November 1, 2010 Maturity Date December 18, 2013 October 26, 2015 Issue Size/Reopen Size TBD US$1 billion Current Outstanding N/A US$5.5 billion Coupon TBD 1.625% Payment Dates Each December 18th Each April 26th and and June 18th, October 26th, beginning beginning December 18, 2010 April 26, 2011 CUSIP 31398A5W8 31398A4M1 Listing Application will Application will be made to list be made to list the securities on the securities on the EuroMTF the EuroMTF market of the market of the Luxembourg Luxembourg Stock Exchange Stock Exchange Auction Time N/A October 28, 2010 10:30 a.m. - 11:00 a.m. EDT
For the new issue, Credit Suisse Securities (USA) LLC, Goldman Sachs &
Co., and J.P. Morgan & Co. are the joint lead managers. The co-managers
include Blaylock Robert Van LLC, Deutsche Bank Securities Inc., FTN Financial
Capital Markets, Jefferies & Company, Inc., M.R. Beal & Company, and UBS
Fannie Mae exists to expand affordable housing and bring global capital
to local communities in order to serve the U.S. housing market. Fannie Mae
has a federal charter and operates in America's secondary mortgage market to
enhance the liquidity of the mortgage market by providing funds to mortgage
bankers and other lenders so that they may lend to home buyers. Our job is to
help those who house America.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities of Fannie Mae. Nothing in this
press release constitutes advice on the merits of buying or selling a
particular investment. Any investment decision as to any purchase of
securities referred to herein must be made solely on the basis of information
contained in Fannie Mae's applicable Offering Circular, and that no reliance
may be placed on the completeness or accuracy of the information contained in
this press release.
You should not deal in securities unless you understand their nature and
the extent of your exposure to risk. You should be satisfied that they are
suitable for you in the light of your circumstances and financial position.
If you are in any doubt you should consult an appropriately qualified
Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of
this mark is prohibited.
Katherine Constantinou of Fannie Mae, +1-202-752-5403
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