New Issue: Fannie Mae upsizes to $1 billion seven-year NC two-year 3.45% notes

By Susanna Moon

Chicago, April 8 - Fannie Mae upsized to $1 billion its offering of 3.45% seven-year notes with a one-time call after two years.

The securities mature on April 8, 2016 and are callable on April 8, 2010 at par.

The initial $500 million was priced on April 1 at par. A further $100 million was added the same day, also at par, and then $400 million added on April 3 at 100.09.

J.P. Morgan Securities Inc. is the dealer.

Issuer:	Fannie Mae
Issue:	Notes
Amount:	$1 billion
Maturity:	April 8, 2016
Coupon:	3.45%
Price:	Par (for $500 million and $100 million), 100.09 (for $400 million)
Call:	One-time call on April 8, 2010 at par
Dealer:	J.P. Morgan Securities Inc.
Pricing date:	April 1 (for $500 million and $100 million), April 3 (for $400 million)
Settlement date:	April 8

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