Fannie Prices Preferred Stock

Fannie Mae has priced a $200 million offering of 5.5% fixed-rate, noncumulative preferred stock.The 4 million shares of Series N stock have a stated value of $50 per share, the government-sponsored enterprise said. Goldman, Sachs & Co. (the bookrunner) and Bear, Stearns & Co. served as co-lead manager for the issue. The co-managers were FTN Financial Capital Markets, Loop Capital Markets, Sandler O'Neill & Partners LP, Vining-Sparks IBG LP, and Wachovia Securities. Fannie Mae can be found online at http://www.fanniemae.com.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS
Load More