Fannie Mae Announces Results of Tender Offer for Certain CAS Notes
Fannie Mae (OTCQB: FNMA) announced that $1,026 million in original principal amount of certain Connecticut Avenue Securities® (CAS) Notes were validly tendered and not withdrawn as part of its fixed-price cash tender offers. The Offers expired on October 2, 2026 at 5:00 p.m. New York City time. The tender results varied across the different CAS Note classes, with some notes achieving high percentages of original principal amount tendered—such as Series 2023-R01 Class 1M-2 Notes which saw nearly all ($98.8%) of their $247 million face value submitted for purchase. The settlement date is expected to be October 6, 2026, with some notes tendered via the Notice of Guaranteed Delivery settling on October 7. BofA Securities and Citigroup served as lead dealer managers while Global Bondholder Services Corporation acted as the tender agent.
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Topics: debt fixed_income tender_offers