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WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today announced that the company priced its largest-ever, syndicated Benchmark Notes debt issuance. Following are pricing details:
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2-Year
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Pricing Date
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September 10, 2008
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Settlement Date
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September 12, 2008
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Maturity Date
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October 12, 2010
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Issue Size
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$7 billion
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Coupon
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2.875%
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Price
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99.959
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Yield
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2.896%
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Payment Dates
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Each October 12th and April 12th, beginning October 12, 2008
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Spread
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+70 basis points / 2.375% 8/31/2010 U.S. Treasury
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CUSIP
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31398ATZ5
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Listing
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Application will be made to list the securities on the EuroMTF market of the Luxembourg Stock Exchange
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Barclays Capital Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities Inc. are the joint lead managers. The co-managers include Deutsche Bank Securities Inc., Goldman Sachs & Co., and UBS Securities LLC.
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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.
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