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Fannie Mae Prices Scheduled Oct. 2002 Benchmark Notes--R-- and Benchmark Bonds--R--

  • Friday, October 25, 2002 10:58AM IST (5:28AM GMT)
Washington, United States:  
Fannie Mae (NYSE:FNM):
                      3-Year                   30-Year Reopening
Pricing Date Oct. 24, 2002 Oct. 24, 2002
Settlement Date Oct. 28, 2002 Oct. 28, 2002
Original Term 3 years 30 years
Maturity Date Oct. 15, 2005 Nov. 15, 2030
Outstanding Size N/A $4.25 billion USD
Reopening Amount N/A $250 million USD
Issue Size $5.0 billion USD $4.50 billion USD
Payment Dates Each April 15th and Each May 15th and
Oct. 15th, beginning Nov. 15th, beginning
April 15, 2003 Nov. 15, 2002
Coupon 2.875% 6.625%
Price 99.913 109.703
Yield 2.906% 5.912%
Spread +74.5 basis points/ +71 basis points/
2.125% 10/04 5.202% 02/31
U.S. Treasury U.S. Treasury
CUSIP 31359MPT4 31359MGK3
Listing Luxembourg Stock Luxembourg Stock
Exchange Exchange
Bear, Stearns & Co. Inc., Deutsche Bank Securities Inc., and Goldman, Sachs & Co. are the joint lead managers. The co-managers include Countrywide Securities, Credit Suisse First Boston Corporation, HSBC Securities, J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch & Co. Inc., Morgan Stanley & Co., Salomon Smith Barney Inc., and UBS Warburg, LLC. There is a designated selling group comprised of 12 additional dealers. There are no co-managers or selling group members for the 30-year reopening.

Fannie Mae's Universal Debt Facility Offering Circular is used for all of our debt securities settling upon original issuance on or after February 1, 2002. This offering document may be accessed via Fannie Mae's Web site at http://www.fanniemae.com/markets/debt/debt_tools_resources/offering_circulars.jhtml. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided over $4 trillion of mortgage financing for 47 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Benchmark Notes and Benchmark Bonds are registered marks of Fannie Mae. Unauthorized use of these marks 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 "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."

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