Fannie Buys Back $5B of Callable Notes

Fannie Mae has reported that its recent tender offers for expired European-style callable debt securities resulted in the repurchase of approximately $5 billion of the securities.The government-sponsored enterprise reported buying back amounts ranging from $1.06 million to $1.25 billion of 25 issues of the callable notes, which carried interest rates ranging from 2.625% to 3.85%. The tender offers began Sept. 19 and closed at 5 p.m. EDT on Sept. 23. Fannie Mae can be found on the Web at http://www.fanniemae.com.

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