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Press Release

Fannie Mae Prices $4 Billion Issuance of Secured Overnight Financing Rate (SOFR) Securities

August 22, 2019

 

Matthew Classick

202-752-3662

WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced and priced a new issuance of SOFR securities, issuing $2 billion of 6-month and $2 billion of 9-month floating-rate debt. 

 

6-month

9-month

Pricing Date

August 22, 2019

August 22, 2019

Settlement Date

August 26, 2019

August 26, 2019

Maturity Date

February 24, 2020

May 22, 2020

First Pay

November 24, 2019

November 22, 2019

Issue Size

$2 billion

$2 billion

Pricing

SOFR + 0.5 bps

SOFR + 1 bps

CUSIP

3135G0V91

3135G0W25

Barclays Capital Inc., J.P. Morgan, and Wells Fargo Securities, LLC are the lead managers. Loop Capital Markets LLC and Mischler Financial Group, Inc. are selling group members.

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.

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 and follow us on twitter.com/FannieMae.