The CUSIP numbers for these recallable notes are: 31364KAZ3, 31359MAY9, 31364GX61, 31364G2G3, 31364FEQ0, 31364FJB8, 31364KGF1, and 31364KGK0.
"This type of recall is typical," says Fannie Mae spokeswoman Janis Smith. "Fannie Mae's is actually evaluating recallable debt on a daily basis. In a period like this with interest rates dropping, you see an increase in redemption activity. It's feasible to call in outstanding debt and issue new debt at lower yields. It's an economically motivated decision."
The notes will be redeemed at a price equal to 100% of the principal plus accrued interest to the date of redemption, Smith says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
