Fannie Mae Prices New Issue 3-year Benchmark Notes(r) Due May 7, 2013

< BACK TO FINANCE starstarstarstarstar   Business - Finance Press Release
12th March 2010, 07:41am - Views: 1227






Business Finance Fannie Mae 2 image










MEDIA RELEASE PR38714


Fannie Mae Prices New Issue 3-Year Benchmark Notes(R) due May 7, 2013


WASHINGTON, Mar. 12 /PRNewswire-AsiaNet/ --


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



                        3-Year

                        ------

    Pricing Date        March 11, 2010

    Settlement Date     March 15, 2010

    Maturity Date       May 7, 2013

    Issue Size          $6 billion

    Coupon              1.750%

    Price               99.839

    Yield               1.803%

    Payment Dates       Each May 7th and November 7th, beginning May 7, 2010

    Spread              +31 basis points /1.375%  03/15/13 U.S. Treasury

    CUSIP               31398AJ94

    Listing             Application will be made to list the securities on 

                        the EuroMTF market of the Luxembourg Stock Exchange



    Barclays Capital Inc., Deutsche Bank Securities Inc., and J.P. Morgan & Co. are

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

CastleOak Securities, L.P., FTN Financial Capital Markets, RBC Capital Markets, UBS

Securities LLC, and Williams Capital Group LP.


    Fannie Mae is a shareholder-owned company with a public mission. We exist 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. In 2008, we mark our 70th year of service to America's housing market.

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.



Business Finance Fannie Mae 3 image

SOURCE: Fannie Mae


    CONTACT: Katherine Constantinou of Fannie Mae, 

             +1-202-752-5403


Translations:




To view this and other AsiaNet releases please visit http://www.asianetnews.net






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