Fannie Mae begins any-and-all tender offer for 10 CAS notes

Chicago, June 24 – Fannie Mae commenced fixed-price cash tender offers for 10 series of Connecticut Avenue Securities debt notes on Friday, according to a press release.

The offer includes the following $4,673,259,009 total principal balance of notes broken into the following:

• $713,282,803 original principal balance Connecticut Avenue Securities, series 2016-C05, class 2M-2 notes (Cusip: 30711XDK7) for a tender offer consideration of $1,042.50 per note;

• $543,222,483 original principal balance Connecticut Avenue Securities, series 2016-C06, class 1M-2 notes (Cusip: 30711XDS0) for a tender offer consideration of $1,043.75 per note;

• $448,184,930 original principal balance Connecticut Avenue Securities, series 2016-C07, class 2M-2 notes (Cusip: 30711XEC4) for a tender offer consideration of $1,045 per note;

• $519,474,000 original principal balance Connecticut Avenue Securities, series 2017-C01, class 1M-2 notes (Cusip: 30711XEP5) for a tender offer consideration of $1,031.25 per note;

• $406,867,000 original principal balance Connecticut Avenue Securities, series 2017-C03, class 1M-2 notes (Cusip: 30711XJX3) for a tender offer consideration of $1,018.75 per note;

• $471,437,160 original principal balance Connecticut Avenue Securities, series 2017-C05, class 1M-2 notes (Cusip: 30711XNX8) for a tender offer consideration of $1,005 per note;

• $335,153,999 original principal balance Connecticut Avenue Securities, series 2017-C06, class 2M-2 notes (Cusip: 30711XSX3) for a tender offer consideration of $1,013.75 per note;

• $284,048,541 original principal balance Connecticut Avenue Securities, series 2017-C07, class 1M-2 notes (Cusip: 30711XUX0) for a tender offer consideration of $1,010 per note;

• $561,697,093 original principal balance Connecticut Avenue Securities, series 2018-C01, class 1M-2 notes (Cusip: 30711XYX6) for a tender offer consideration of $1,007.50 per note; and

• $389,891,000 original principal balance Connecticut Avenue Securities, series 2018-C03, class 1M-2 notes (Cusip: 30711XJ70) for a tender offer consideration of $1,005 per note.

All of the considerations are based on par of $1,000 notes.

Holders who tender by the expiration time will be eligible to receive the tender offer consideration, which will incorporate the monthly certificate percentages for the notes available on June 27. Interest will also be paid to the settlement date, expected to be July 5.

The offers will expire at 5 p.m. ET on June 30.

There are guaranteed delivery procedures. Guaranteed delivery settlement is expected on July 6, with interest accruing through the July 5 settlement date.

BofA Securities (888 292-0070, 980 387-3907) is the lead dealer manager and Barclays is the dealer manager (800 438-3242, 212 412-5780).

Global Bondholder Services Corp. is the tender agent (855 654-2015, 212 430-3774 or contact@gbsc-usa.com, https://www.gbsc-usa.com/FannieMae/).

Academy Securities, Inc. and Blaylock Van, LLC are advisers on the transaction.

Fannie Mae provides funds to mortgage bankers and other lenders to be used in loans to homebuyers.

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