WASHINGTON, April 15 /PRNewswire/ -- The following is being issued by Fannie Mae (NYSE: FNM):
2-Year
Pricing Date April 20, 2005
Settlement Date April 22, 2005
Maturity Date May 15, 2007
Issue Size US$3.0 billion
Coupon TBD
Payment Dates Each May 15th and November 15th, beginning May 15,2005
CUSIP 31359MB44
Listing Luxembourg Stock Exchange
Bear, Stearns & Co. Inc., HSBC Securities Inc., and Morgan Stanley & Co.
are the joint lead managers. The co-managers include Citigroup Global Markets
Inc., Credit Suisse First Boston Corporation, FTN Financial Capital Markets,
Lehman Brothers Inc., Merrill Lynch & Co. Inc., and UBS Investment Bank.
There is a designated selling group comprised of 8 additional dealers.
Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.
Fannie Mae voluntarily registered its common stock with the Securities and Exchange Commission (SEC) under Section 12(g) of the Securities Exchange Act of 1934, on March 31, 2003.
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 Offering Circular dated January 19, 2004, and that 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 the 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.
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 'FNM.' In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as 'Fannie Mae.'
Web site: http://www.fanniemae.com
