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Fannie Mae - Federal National Mortgage Association

08/03/2020 | Press release | Distributed by Public on 08/03/2020 22:28

Fannie Mae Prices New Issue 10-Year Benchmark Notes Due August 5, 2030

August 03, 2020

Fannie Mae Prices New Issue 10-Year Benchmark Notes Due August 5, 2030

WASHINGTON, DC - Fannie Mae (FNMA/OTCQB) today announced the offering of new issue ten-year Benchmark Notes® due August 5, 2030. Fannie Mae's Benchmark Notes offerings typically price and settle within a few business days of the announcement date.

10-Year

Pricing Date

August 3, 2020

Settlement Date

August 5, 2020

Maturity Date

August 5, 2030

Issue Size

$4.5 billion

Coupon

0.875%

Price

99.248

Yield

0.954%

Payment Dates

Each February 5 and August 5 beginning February 5, 2021

Spread

+ 40 basis points / 0.625% 5/15/2030 U.S. Treasury

CUSIP

3135G05Q2

CastleOak Securities, L.P., Citigroup Global Markets Inc., Nomura Securities International, Inc., and TD Securities USA, are the lead managers. The co-managers include Great Pacific Securities, Loop Capital Markets LLC, Multi-Bank Securities, Inc., R. Seelaus & Co., LLC, and Siebert Williams Shank & Co. LLC.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Media Contact
Christopher Davis
202-752-7724

Fannie Mae Newsroom
https://www.fanniemae.com/news

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Fannie Mae Resource Center
1-800-2FANNIE

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 applicable Offering Circular, and 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 light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.

Benchmark Notes is a registered mark of Fannie Mae. Unauthorized use of this mark is prohibited.