Fannie Mae Announces Offering Of New Issue 2-year Benchmark Notes(r) Due April 4, 2012 And Auction (

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26th February 2010, 09:06am - Views: 1088






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MEDIA RELEASE PR38509


Fannie Mae Announces Offering of New Issue 2-Year Benchmark Notes(R) Due April 4,

2012 and Auction (Reopening) of 5-Year Benchmark Notes(R) Due November 20, 2014


WASHINGTON, Feb. 26 /PRNewswire-AsiaNet/ --


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



                       2-Year                     5-Year (Reopening)

    Pricing/Auction    February 26, 2010          February 25, 2010

     Date              (Expected)                

    Settlement Date    March 2, 2010              March 1, 2010

    Maturity Date      April 4, 2012              November 20, 2014

    Issue Size/ 

     Reopen Size       TBD                        $1 billion

    Current

     Outstanding       N/A                        $5.5 billion

    Coupon             TBD                        2.625%

    Payment Dates      Each April 4th and         Each November 20th and

                       October 4th, beginning     May 20th, beginning

                       April 4, 2010              May 20, 2010

    CUSIP              31398AH54                  31398AZV7

    Listing            Application will be        Application will be

                       made to list the           made to list the

                       securities on the          securities  on the

                       EuroMTF market of the      EuroMTF market of the

                       Luxembourg Stock           Luxembourg Stock

                       Exchange                   Exchange

    Auction Time       N/A                        10:30 a.m. - 11:00 a.m. EST



    For the new issue, Barclays Capital Inc., Citigroup Global Markets Inc., and

Morgan Stanley & Co. are the joint lead managers. The co-managers include Blaylock

Robert Van LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc.,

FTN Financial Capital Markets, Jefferies & Company, Inc. and UBS Securities LLC.


    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. 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: Derek Lowe of Fannie Mae, 

             +1-202-752-2110


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