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Company : Business Wire 
Friday, June 14, 2002 11:37AM IST (6:07AM GMT)
 
(BW)(DC-FANNIE-MAE)(FNM)
Fannie Mae Prices $2.0 Billion New Issue 4.750 Percent 5 Noncall 2-Year Callable Benchmark Notes--R-- due June 18, 2007
Washington, United States


Fannie Mae (NYSE:FNM)

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5 noncall 2 years
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Pricing Date June 13, 2002
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Settlement Date June 18, 2002
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Structure 5 noncall 2 years with
one-time (European) call
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One-time Call Date June 18, 2004
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Maturity Date June 18, 2007
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Payment Dates Each December 18th and June
18th, beginning December 18,
2002
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Coupon 4.750%
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Issue Size $2.0 billion
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Price 99.921
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OASF Pricing Spread +4 basis points
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Yield-to-Maturity 4.768%
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Fannie Mae Noncallable Benchmark 4.515% (5.250% 4/15/2007
Yield Fannie Mae Benchmark Notes)
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US Treasury Yield 4.155% (4.375% 05/2007 US
Treasury)
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CUSIP 31359MNF6
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Listing Luxembourg Stock Exchange
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Goldman, Sachs & Co., Lehman Brothers Inc., and Merrill Lynch & Co. Inc. are the joint lead managers. The co-managers include Credit Suisse First Boston, First Tennessee Bank, N.A., J.P. Morgan Securities Inc., Morgan Stanley & Co., Salomon Smith Barney Inc., and UBS Warburg LLC.

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.

(Please note: Due to the length of this URL, it may be necessary to cut 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 more than $3.8 trillion of mortgage financing for over 44 million families.

More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

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 "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations refer to the company exclusively as "Fannie Mae."

 
 
 
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