Fannie Mae issues $6.43 billion net long-term debt through February

By Jennifer Chiou

New York, March 30 - Fannie Mae has recorded net issuances of long-term debt amounting to $6.43 billion, according to the agency's funding summary for the 2011 period through Feb. 28.

All in all for 2010, this figure came in at $56.61 billion.

Net issuance long-term debt amounts represent the difference between long-term debt issued and long-term debt repaid, the report noted.

As already reported for January, the agency issued $19.68 billion of debt securities during the first month of the year. The agency repurchased $399 million of debt securities in January.

In 2010, Fannie Mae repurchased $1.24 billion of debt securities in the first four months, $92 million in November and none in the remaining months.

The agency's tally of total federal funds purchased and securities sold under agreements to repurchase and debt issued came in at $82.82 billion through February.

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