WASHINGTON, Oct. 12, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced its 2013 Benchmark Securities Issuance Calendar (PDF). The calendar is designed to assist investors and other market participants in incorporating issuances of Fannie Mae Benchmark Securities into their ongoing investing, trading, hedging and financing strategies.
On a weekly basis, Fannie Mae has the option to auction three-, six-month, and one-year Benchmark Bills. The size and types of weekly Benchmark Bills offerings, if any, will be announced on a Monday morning, or if Monday is a holiday, the previous business day. Auctions of Benchmark Bills generally will be open for bidding on Wednesdays between 9:00 a.m. and 9:45 a.m. eastern time.
The 2013 Benchmark Securities Issuance Calendar also identifies at least one calendar date per month for a Benchmark Notes announcement. On each scheduled announcement date, Fannie Mae will either announce the maturity date of the Benchmark Notes offerings or announce that it will not be making any Benchmark Notes offerings. Benchmark Notes offerings are expected to price within a few business days of the announcement date.
Fannie Mae may forego any scheduled Benchmark Bills or Benchmark Notes issuance. If Fannie Mae elects not to issue any Benchmark Securities, a notice of this election will be provided.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in the applicable Fannie Mae Offering Circular, and no reliance may be placed on the completeness or accuracy of the information contained in this press release.
SOURCE Fannie Mae