debt
confidence high
sentiment neutral
materiality 0.60
Fannie Mae launches tender offers for six CAS Note series totaling $1.31B
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- Offers to purchase any and all of six CAS Note series with original principal balance ~$1.31B.
- Tender consideration ranges from $1,025 to $1,132.50 per $1,000 original principal.
- Expires 5:00 PM ET on April 26, 2024 unless extended; notes may be withdrawn before expiry.
- Lead dealer managers: BofA Securities and Wells Fargo; tender agent: Global Bondholder Services.
- Fannie Mae is sole beneficial owner of the REMIC trusts issuing certain CAS Note classes subject to offers.