Fannie Mae Prices New Issue 3-year Benchmark Notes(r) Due December 18, 2013

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29th October 2010, 06:14am - Views: 890






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MEDIA RELEASE PR41950


Fannie Mae Prices New Issue 3-Year Benchmark Notes(R) due December 18, 2013


WASHINGTON, Oct. 29 /PRNewswire-AsiaNet/ --


    

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


                         3-Year

    Pricing Date         October 28, 2010

    Settlement Date      November 1, 2010

    Maturity Date        December 18, 2013

    Issue Size           $8 billion

    Coupon               0.750%

    Price                99.957

    Yield                0.764%

    Payment Dates        Each December 18th and June 18th, beginning

                         December 18, 2010

    Spread               +19.5 basis points /0.500%  10/15/13 U.S.

                         Treasury

    CUSIP                31398A5W8

    -----                ---------

    Listing              Application will be made to list the

                         securities on the EuroMTF market of the

                         Luxembourg Stock Exchange

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



    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 you in the light of your circumstances and financial position.

If you are in any doubt you should consult an appropriately qualified

financial advisor.


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    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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