---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-25-000424"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T19:11:22.436613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000310522-25-000424
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052225000424/0000310522-25-000424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052225000424/fnm-20250522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-25-000424
- JSON: https://secwatch.observer/filing/0000310522-25-000424.json
- Plain text: https://secwatch.observer/filing/0000310522-25-000424.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.