Fannie Mae issues $25.83 billion of debt in August, buys back zero

By Jennifer Chiou

New York, Sept. 30 - Fannie Mae issued $25.83 billion of debt securities during August, according to the agency's summary for the month.

August's issuance is 54.95% more than July's issuance of $16.67 billion. The agency has increased its issuance for four consecutive months dating to the low of $6.92 billion in April.

In August 2010, however, issuances came in significantly higher at a total of $51.89 billion.

The agency issued $124.16 billion of debt securities during the first eight months of this year.

In terms of repurchases, the agency bought back none of its debt securities in August, compared with $543 million during the prior month. Last August also showed a goose egg for repurchases.

Fannie Mae said that $38.52 billion of debt securities matured or were redeemed during August, and the total amount of debt securities outstanding at the end of the month was $552.93 billion.

In July, $24.14 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $565.63 billion.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, $742.3 billion of Fannie Mae debt securities was outstanding at the end of August, compared with $740.86 billion at the end of July and $841.75 billion at the end of August 2010.

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