Fannie Mae Launches Tender Offers for Certain CAS Notes
Fannie Mae (OTCQB: FNMA) has initiated fixed-price cash tender offers for several classes of Connecticut Avenue Securities® (CAS) Notes issued by various REMIC Trusts. The tenders are open until October 2, 2026 at 5:00 p.m. New York City time and include specific pricing terms per $1,000 original principal amount. The tender offers cover multiple CAS Note classes from trusts including Connecticut Avenue Securities Trusts for the years 2022 through 2023. Each class has a specified tender offer consideration ranging between approximately $1,016 and $1,041 per $1,000 principal amount. Fannie Mae is working with BofA Securities, Inc. and Citigroup Global Markets Inc. as dealer managers for the offers, while Global Bondholder Services Corporation serves as both tender agent and information agent.
Tickers: $FNMA
Topics: Connecticut Avenue Securities® (CAS) Notes fixed-price cash tender offers