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Press Release

Fannie Mae Announces Benchmark Notes Buyback Results

February 26, 2002

 

Jason Lobo

202-752-1692

Fannie Mae Announces Benchmark Notes® Buyback Results

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 SecuritiesSM issues.

Please note the settlement date has changed to March 1, 2002.

 

Coupon

Maturity Date

CUSIP

Settlement Date of Repurchase

Amount
Repurchased

Current Amount Outstanding
5.625% May 14, 2004 31359MES8 March 1, 2002 $250 million $5.85 billion
6.500% August 15, 2004 31359MEX7 March 1, 2002 $125 million $10.875 billion
7.125% February 15, 2005 31359MFH1 March 1, 2002 $75 million $5.925 billion
7.000% July 15, 2005 31359MFV0 March 1, 2002 $800 million $9.2 billion
6.000% December 15, 2005 31359MGM9 March 1, 2002 $675 million $5.325 billion
Total Repurchased

    $1.925 billion

This announcement is provided only for informational purposes and is neither an offer to buy nor a solicitation of offers to sell any of these securities.

 

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 $3.6 trillion of mortgage financing for nearly 43 million families.

Benchmark Bonds is a registered mark and Benchmark Securities is a service 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."