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Press Release

Fannie Mae Announces Benchmark Notes Buyback

September 6, 2001

 

Lesia Bullock

202-752-3993

WASHINGTON, DC – Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that it has repurchased the following amounts of outstanding noncallable Benchmark Securities issues.

 

Coupon
Maturity Date
CUSIP
Settlement Date of Repurchase
Amount
Repurchased
 
Current Amount
Outstanding
5.250%
January 15, 2003
31359MDF7
September 10, 2001
$200 million

$3.600 billion
5.000%
February 14, 2003
31359MHA4
September 10, 2001
$450 million

$4.850 billion
4.750%
November 14, 2003
31359MEG4
September 10, 2001
$0

$5.000 billion
5.125%
February 13, 2004
31359MEM1
September 10, 2001
$534 million

$10.136 billion
5.625%
May 14, 2004
31359MES8
September 10, 2001
$900 million
$6.100 billion
Total Repurchased $2.084 billion

$29.686 billion

 

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.0 trillion of mortgage financing for 40 million families.

Benchmark Bonds and Benchmark Securities are service marks and Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of these marks is prohibited.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."