Fannie Mae Prices New Issue 5-Year Benchmark Notes Due June 17, 2025
WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the pricing of new issue five-year Benchmark Notes® due June 17, 2025. Fannie Mae's Benchmark Notes offerings typically price and settle within a few business days of the announcement date.
|
5-Year |
Pricing Date |
June 17, 2020 |
Settlement Date |
June 19, 2020 |
Maturity Date |
June 17, 2025 |
Issue Size |
$5.0 billion |
Coupon |
0.500% |
Price |
99.793 |
Yield |
0.542% |
Payment Dates |
Each June 17 and December 17 beginning December 17, 2020 |
Spread |
+ 20 basis points / 0.25% 5/31/25 U.S. Treasury |
CUSIP |
3135G04Z3 |
Loop Capital Markets LLC., Nomura Securities International, Inc., TD Securities USA, and Wells Fargo Securities, LLC., are the lead managers. The co-managers include CastleOak Securities, L.P., Mischler Financial Group, Inc., Samuel A. Ramirez & Co., Inc., Stern Brothers & Co., and Tribal Capital Markets 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:
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Christopher Davis
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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.