Fannie Mae Reports Tender Offer Results for Specified CAS Notes

Jam • • Markets

Fannie Mae announced the results of its tender offers for specific Connecticut Avenue Securities notes. The offers, outlined on May 22, 2025, targeted various note classes and reflect Fannie Mae’s strategy to manage risk and adjust its portfolio for market stability. Approximately $1.798 billion in principal amount of notes were tendered by the May 29, 2025 deadline. The announcement provides detailed data on the securities, including CUSIP, ISIN, and tender percentages.

WASHINGTON, May 30, 2025 – Fannie Mae (OTCQB: FNMA) today announced the outcome of its tender offers for specific Connecticut Avenue Securities® (CAS) notes. This move, detailed in the Offer to Purchase and related documents dated May 22, 2025, reflects Fannie Mae’s ongoing strategy to manage its risk profile and adjust its portfolio, a key element in maintaining a stable and liquid market. The offers targeted various classes of notes issued by REMIC trusts, with Fannie Mae acting as the sole beneficial owner of each trust, therefore, controlling the majority of this transaction.

The market’s response was robust. Approximately $1.798 billion in principal amount of notes were validly tendered, underscoring investor confidence in this initiative. The deadline for the offers was 5:00 PM New York City time on May 29, 2025. Let’s delve into the specifics, which are crucial for understanding the dynamics at play.

Security Name

REMIC Trust (if applicable)

CUSIP

ISIN

Original Principal Balance1

Percentage of Original Principal Amount Tendered2

Original Principal Amount Tendered3

Connecticut Avenue Securities, Series 2017-C01, Class 1M-2 Notes

N/A

30711XEP5

US30711XEP50

$154,854,281

99.55 %

$154,154,281

Connecticut Avenue Securities, Series 2017-C02, Class 2M-2 Notes

N/A

30711XGP3

US30711XGP33

$25,780,837

21.63 %

$5,575,540

Connecticut Avenue Securities, Series 2017-C02, Class 2B-1 Notes

N/A

30711XGQ1

US30711XGQ16

$102,914,000

0.19 %

$200,000

Connecticut Avenue Securities, Series 2017-C04, Class 2M-2 Notes

N/A

30711XLT9

US30711XLT99

$21,494,381

100.00 %

$21,494,381

Connecticut Avenue Securities, Series 2017-C05, Class 1M-2 Notes

N/A

30711XNX8

US30711XNX83

$144,160,661

97.95 %

$141,205,661

Connecticut Avenue Securities, Series 2017-C05, Class 1B-1 Notes

N/A

30711XNW0

US30711XNW01

$51,530,558

2.09 %

$1,075,000

Connecticut Avenue Securities, Series 2017-C06, Class 1B-1 Notes

N/A

30711XQW7

US30711XQW73

$44,547,596

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Jam

Jam

Jan, a seasoned journalist, specializes in major corporations' stock industry and the IT tech internet field. With years of experience, she's known for dissecting global tech giants' stock moves, analyzing financial impacts and industry trends. Jan excels at simplifying complex data and tech concepts, and her work appears in renowned financial and tech publications.
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