November 04, 2013Fannie Mae Announces 2014 Benchmark Securities Issuance Calendar
WASHINGTON, DC -- Fannie Mae (FNMA/OTC) today announced its 2014 Benchmark Securities® Calendar (PDF) . The calendar is designed to assist investors and other market participants in incorporating issuances of Fannie Mae Benchmark Securities into their ongoing investing, trading, hedging and financing strategies.
On a weekly basis, Fannie Mae has the option to auction three-, six-month, and one-year Benchmark Bills®. The size and maturity of weekly Benchmark Bills offerings, if any, will be announced on the same day on which the auction occurs. Auctions of Benchmark Bills generally will be open for bidding on Wednesdays between 9:00 a.m. and 9:45 a.m. eastern time.
The 2014 Benchmark Securities Calendar also identifies at least one calendar date per month for a Benchmark Notes® announcement. On each scheduled announcement date, Fannie Mae will either announce the maturity date of the Benchmark Notes offerings or announce that it will not be making any Benchmark Notes offerings. Benchmark Notes offerings are expected to price within a few business days of the announcement date.
Fannie Mae may forego any scheduled Benchmark Bills or Benchmark Notes issuance. If Fannie Mae elects not to issue any Benchmark Securities, a notice of this election will be provided.