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Press Release

Fannie Mae Announces Benchmark Notes Buyback Results

June 11, 2003

 

Jason Lobo

202-752-1692

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
7.000% July
15, 2005		 31359MFV0 June
13, 2003		 $.760
billion		 $7.690 billion
6.000% December
15, 2005		 31359MGM9 June
13, 2003		 $.025
billion		 $5.121 billion
5.500% February
15, 2006		 31359MHB2 June
13, 2003		 $.675
billion		 $8.964 billion
5.250% June
15, 2006		 31359MJX2 June
13, 2003		 $.300
billion		 $6.950 billion
5.000% January
15, 2007		 31359MLZ4 June
13, 2003		 $1.000
billion		 $7.000 billion
      Total Repurchased $2.760
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 over $4.8 trillion of mortgage financing for more than 52 million families.

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 Offering Circular dated January 28, 2003, 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 and Benchmark Securities are registered marks 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 "FNM." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."