Fannie Mae commences tender offer for up to $459.9M of CAS Notes

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

Fannie Mae commenced fixed-price cash tender offers for any and all of seven Connecticut Avenue Securities note series.
Total original principal balance of notes targeted is approximately $459.9 million.
Tender consideration ranges from $1,024.40 to $1,083.70 per $1,000 principal (premium of ~2.4% to 8.4%).
Offers expire on May 29, 2025; BofA Securities and Wells Fargo Securities are dealer managers.

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