Fannie Mae Announces Auction (reopening) Of 2-year Benchmark Notes(r) Due June 22, 2012

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30th April 2010, 02:49am - Views: 1043






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MEDIA RELEASE PR39344


Fannie Mae Announces Auction (Reopening) of 2-Year Benchmark Notes(R) due June 22,

2012


WASHINGTON, Apr. 30 /PRNewswire-AsiaNet/ --


    The following is being issued by Fannie Mae (NYSE: FNM):



                            2-Year (Reopening)

    Pricing/Auction Date    April 29, 2010

    Settlement Date         May 3, 2010

    Maturity Date           June 22, 2012

    Issue Size/Reopen Size  $1 billion

    Current Outstanding     $4 billion

    Coupon                  1.250%

    Payment Dates           Each June 22nd and December 22nd, beginning

                             June 22, 2010

    CUSIP                   31398AP71

    Listing                 Application will be made to list the securities on 

                             the EuroMTF market of the Luxembourg Stock Exchange

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



    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 of Fannie Mae, 

             +1-202-752-5403


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