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Press Release

Fannie Mae Benchmark Buyback

March 27, 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 indicated.

 

Coupon

Maturity
Date

CUSIP

Settlement Date of Repurchase

Amount
Repurchased

Current Amount
Outstanding

6.250%

May 15, 2029

31359MEU3

March 29, 2001

$300 million

$3.950 billion

7.125%

January 15, 2030

31359MFJ7

March 29, 2001

$85 million

$4.739 billion

7.250%

May 15, 2030

31359MFP3

March 29, 2001

$25 million

$4.475 billion
This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular and supplement thereto.

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 $3.0 trillion of mortgage financing for over 37 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 are 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."