debt
confidence high
sentiment neutral
materiality 0.60
Fannie Mae launches tender offer for up to $3.1B of CAS notes at premium prices
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- Offers to purchase any and all of seven CAS note series with original principal totaling ~$3.1B.
- Tender offer consideration ranges from $1,035.94 to $1,127.50 per $1,000 principal across series.
- Offers expire at 5:00 PM ET on April 28, 2023, unless extended or earlier terminated.
- BofA Securities and Wells Fargo Securities are dealer managers; CastleOak and Samuel A. Ramirez are advisors.
- Tendered notes may be withdrawn at any time before the expiration time per offer documents.