Fannie Mae Announces Offering of New Issue 3-Year Benchmark Notes® Due September 23, 2013 and Auction (Reopening) of 5-Year Benchmark Notes® Due July 28, 2015

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Aug 03, 2010, 09:55 ET

WASHINGTON, Aug. 3 /PRNewswire-FirstCall/ -- The following is being issued by Fannie Mae (OTC Bulletin Board: FNMA)


	3-Year	5-Year (Reopening)
Pricing/Auction Date	August 4, 2010	August 3, 2010
Settlement Date	August 6, 2010	August 5, 2010
Maturity Date	September 23, 2013	July 28, 2015
Issue Size/Reopen Size	TBD	$1 billion
Current Outstanding	N/A	$3 billion
Coupon	TBD	2.375%
Payment Dates	Each September 23^rd and March 23^rd, beginning September 23, 2010	Each July 28^th and January 28^th, beginning January 28, 2011
CUSIP	31398A2S0	31398AU34
Listing	Application will be made to list the securities on the EuroMTF market of the Luxembourg Stock Exchange	Application will be made to list the securities on the EuroMTF market of the Luxembourg Stock Exchange
Auction Time	N/A	10:30 a.m. – 11:00 a.m. EDT

For the new issue, Banc of America Securities, J.P. Morgan & Co., and UBS Securities LLC are the joint lead managers. The co-managers include, Barclays Capital Inc., Blaylock Robert Van LLC, Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc., Morgan Stanley & Co., and M.R. Beal & Company.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

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 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.

SOURCE Fannie Mae