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Article: FANNIE MAE ANNOUNCES 10-YEAR NOTE ISSUE.
- Article from:
- AsiaPulse News
- Article date:
- November 4, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(Full text of this release can be found at http://www.asianet.com.au)
WASHINGTON, D.C., Nov. 3 /PRNewswire-FirstCall-AsiaNet/ - In 2003, Fannie Mae will issue subordinated debt at least semi-annually.
Fannie Mae will issue subordinated debt in an amount that, together with core capital, equals or exceeds 4 per cent of on-balance-sheet assets, after adjusting for capital required to support the off-balance-sheet mortgage securities business and adding back the allowance for losses. After pricing this transaction, Fannie Mae will have issued US$12 billion Subordinated Benchmark Notes since its inaugural issue in 2001.
Fannie Mae's Subordinated ...