Fannie Mae Announces Offering Of New Issue 3-year Benchmark Notes(r) Due September 23, 2013 And Auct

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4th August 2010, 04:10am - Views: 808






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MEDIA RELEASE PR40673


 

Fannie Mae Announces Offering of New Issue 3-Year Benchmark Notes(R) Due September

23, 2013 and Auction (Reopening) of 5-Year Benchmark Notes(R) Due July 28, 2015



WASHINGTON, Aug. 4 /PRNewswire-AsiaNet/ --



    The following is being issued by Fannie Mae (OTC Bulletin Board: FNMA)



                          3-Year                      5-Year (Reopening)

    Pricing/Auction                           

     Date             August 4, 2010              August 3, 2010

    Settlement Date   August 6, 2010              August 5, 2010

    Maturity Date     September 23, 2013          July 28, 2015

    Issue Size/

     Reopen Size      TBD                         $1 billion

    Current

     Outstanding      N/A                         $3 billion

    Coupon            TBD                         2.375%

    Payment Dates     Each September 23rd and     Each July 28th and January 

                      March 23rd, beginning       28th, beginning January 28,

                      September 23, 2010          2011      

    CUSIP             31398A2S0                   31398AU34

    Listing           Application will be made    Application will be made

                      to list the securities      to list the securities

                      on the EuroMTF market of    on the EuroMTF market of

                      the Luxembourg Stock        the Luxembourg Stock

                      Exchange                    Exchange 

    -------           -----------------           ------------

   

Auction Time      N/A                         10:30 a.m. - 11:00 a.m. EDT

    -------           ---                         -------------



    For the new issue, Banc of America Securities, J.P. Morgan & Co., and UBS 

Securities LLC are the joint lead managers. The co-managers include, Barclays 

Capital Inc., Blaylock Robert Van LLC, Credit Suisse Securities (USA) LLC, 

Jefferies & Company, Inc., Morgan Stanley & Co., and M.R. Beal & Company.


    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 financial 

advisor.


    Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of 

this mark is prohibited.



     SOURCE:  Fannie Mae


    CONTACT: Katherine Constantinou

             Fannie Mae

             +1-202-752-5403
















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