Debt News and Announcements

Fannie Mae Teams with J.P. Morgan in Podcast to Raise Awareness of the LIBOR Transition

Listen to learn more about SOFR, the Secured Overnight Financing Rate

Replacing an index that is the backbone of financial markets is no small task. It takes significant organization, preparation, and thoughtful execution. But, it all starts with awareness.

We are proud to be a leader in the Secured Overnight Financing Rate (SOFR) market, the reference rate selected by the Alternative Reference Rates Committee (ARRC) as the best alternative to the London Interbank Offered Rate (LIBOR). We issued the first SOFR transaction in July 2018 and have a lot to share from our experiences. The market has come a long way since then, but there is still a significant amount of work to be done.

Fannie Mae is excited to be featured in the first episode of J.P. Morgan's "LIBOR Transition" podcast miniseries. Listen to our Treasurer, Nadine Bates, and the former chairman of the ARRC and J.P. Morgan executive, Sandie O'Connor, as they discuss this monumental transition and suggest how your firm can begin to approach it.