Fannie Mae Announces Offering Of New Issue 3-year Benchmark Notes(r) Due December 18, 2013 And Aucti

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28th October 2010, 07:06am - Views: 812






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MEDIA RELEASE PR41927


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, 2015


WASHINGTON, Oct. 28 /PRNewswire-AsiaNet/ --


    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                   $1 billion

    Current Outstanding        N/A                   $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 Securities LLC.


    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

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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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