Fannie Mae Prices New Issue 3-year Benchmark Notes(r) Due August 20, 2013

< BACK TO FINANCE starstarstarstarstar   Business - Finance Press Release
9th July 2010, 05:34am - Views: 877






Business Finance Fannie Mae 2 image










MEDIA RELEASE PR40356


Fannie Mae Prices New Issue 3-Year Benchmark Notes(R) due August 20, 2013


WASHINGTON, July 9 /PRNewswire-AsiaNet/ --


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


                        3-Year

    Pricing Date        July 8, 2010

    Settlement Date     July 9, 2010

    Maturity Date       August 20, 2013

    Issue Size          $6 billion

    Coupon              1.250%

    Price               99.979

    Yield               1.257%

    Payment Dates       Each August 20th and February 20th,

                        beginning August 20, 2010

                        +23.5 basis points /1.125%  06/15/13 U.S.

    Spread              Treasury

    CUSIP               31398AX31

    Listing             Application will be made to list the

                        securities on the EuroMTF market of the

                        Luxembourg Stock Exchange


    Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and UBS

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

America Securities, FTN Financial Capital Markets, Goldman Sachs & Co., MFR

Securities, Inc., J.P. Morgan & Co., and Williams Capital Group L.P.


    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

Business Finance Fannie Mae 3 image


    CONTACT: Katherine Constantinou of Fannie Mae, 

             +1-202-752-5403








news articles logo NEWS ARTICLES
Contact News Articles |Remove this article