Fannie Mae has announced cash tender offers for up to $21.04 billion of callable debt securities during the week of Oct. 23.The securities were originally issued with European-style one-time call options that have since expired. The government-sponsored enterprise said the offers are part of its effort to maintain a liquid and transparent market for its debt products. The lead manager and global coordinator for the tender offers will be Goldman, Sachs & Co., and the co-dealer managers will be Lehman Brothers Inc. and Merrill Lynch Government Securities Inc. Fannie Mae can be found online at http://www.fanniemae.com.

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