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Company : Business Wire 
Thursday, June 20, 2002 12:45PM IST (7:15AM GMT)
 
(BW)(DC-FANNIE-MAE)(FNM)
Fannie Mae Prices Scheduled June 2002 Benchmark Notes New Issue 2-Year and Reopening 10-Year
Washington, United States

Fannie Mae (NYSE:FNM


---------------------- ---------------------- ----------------------
2-Year 10-Year (reopening)
---------------------- ---------------------- ----------------------
Settlement Date June 21, 2002 June 21, 2002
---------------------- ---------------------- ----------------------
Original Term 2 years 10 years
---------------------- ---------------------- ----------------------
Maturity Date June 15, 2004 March 15, 2012
---------------------- ---------------------- ----------------------
Current Outstanding N/A $5 billion
Size
---------------------- ---------------------- ----------------------
Issue Size $6 billion N/A
---------------------- ---------------------- ----------------------
Reopening Amount N/A $1 billion
---------------------- ---------------------- ----------------------
Payment Dates Each June 15th and Each March 15th and
December 15th, September 15th,
beginning December beginning September
15, 2002 15, 2002
---------------------- ---------------------- ----------------------
Pricing Date June 19, 2002 June 19, 2002
---------------------- ---------------------- ----------------------
Price 99.804 105.510
---------------------- ---------------------- ----------------------
Yield 3.103% 5.389%
---------------------- ---------------------- ----------------------
Coupon 3.000% 6.125%
---------------------- ---------------------- ----------------------
Spread +26.5 basis points/ +58 basis points/
3.250% 05/04 U.S. 4.875% 02/12 U.S.
Treasury Treasury
---------------------- ---------------------- ----------------------
CUSIP 31359MNG4 31359MMQ3
---------------------- ---------------------- ----------------------
Listing Luxembourg Stock Luxembourg Stock
Exchange Exchange
---------------------- ---------------------- ----------------------

Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., and Morgan Stanley & Co are the joint lead managers. The co-managers include Bear, Stearns & Co. Inc., Credit Suisse First Boston Corporation, First Tennessee Bank, N.A., Goldman, Sachs & Co., Lehman Brothers Inc., Merrill Lynch & Co. Inc., Salomon Smith Barney Inc., UBS Warburg, LLC, and The Williams Capital Group, L.P. There is a designated selling group comprised of 10 additional dealers. There is no syndicate group for this 10-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 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(R) 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 are asked to refer to the company exclusively as "Fannie Mae."

 
 
 
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