Fannie Mae says $1.03 billion of CAS notes tendered in cash buyback offer
FNMA•Fannie Mae reported that $1.026 billion of Connecticut Avenue Securities notes were tendered in fixed-price cash offers, with settlement for accepted notes expected Oct. 6.
1. Tender results
Fannie Mae said $1.026 billion of Connecticut Avenue Securities (CAS) notes were tendered in fixed-price cash offers by the Oct. 2 expiration deadline. Settlement for accepted notes is expected Oct. 6, with guaranteed-delivery purchases expected Oct. 7.
