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Fannie Mae starts any and all tender offer for seven CAS notes
Chicago, Nov. 15 – Fannie Mae started fixed-price cash tender offers for up to $3,220,871,613 from seven series of Connecticut Avenue Securities debt notes on Monday, according to a press release.
The following notes are part of the offer:
• $482,437,000 outstanding series 2016-C03, class 2M-2 notes (Cusip: 30711XCT9) for a tender offer consideration of $1,058.50 per note;
• $594,681,019 outstanding series 2016-C04, class 1M-2 notes (Cusip: 30711XDA9) for a tender offer consideration of $1,038.50 per note;
• $301,501,304 outstanding series 2017-C02, class 2M-2 notes (Cusip: 30711XGP3) for a tender offer consideration of $1,042.50 per note;
• $242,420,733 outstanding series 2017-C06, class 1M-2 notes (Cusip: 30711XQX5) for a tender offer consideration of $1,028.50 per note;
• $430,181,827 outstanding series 2018-C02, class 2M-2 notes (Cusip: 30711XC36) for a tender offer consideration of $1,017.50 per note;
• $598,908,000 outstanding series 2018-C04, class 2M-2 notes (Cusip: 30711XR63) for a tender offer consideration of $1,026.50 per note; and
• $570,741,730 outstanding series 2018-C05, class 1M-2 notes (Cusip: 30711XY24) for a tender offer consideration of $1,021.50 per note.
All of the considerations are based on par of $1,000 notes.
In addition to the tender considerations, holders will receive accrued interest to the settlement date.
The offers will expire at 5 p.m. ET on Nov. 19.
Settlement is expected for Nov. 23.
Notes tendered via guaranteed delivery are expected to be purchased on Nov. 24.
BofA Securities, Inc. is the lead dealer manager (888 292-0070, 980 387-3907). Barclays is the designated dealer manager (800 438-3242, 212 412-5780).
Global Bondholder Services Corp. is the tender agent and information agent (866 924-2200, 212 430-3774, contact@gbsc-usa.com, https://www.gbsc-usa.com/FannieMae).
Fannie Mae provides funds to mortgage bankers and other lenders to be used in loans to homebuyers.
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