Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes

Core Viewpoint - Fannie Mae has initiated fixed-price cash tender offers for the purchase of Connecticut Avenue Securities (CAS) Notes, with the offers set to expire on October 3, 2025, unless extended or terminated [1][2]. Summary by Sections Tender Offer Details - Fannie Mae is offering to purchase all listed CAS Notes, with BofA Securities and Wells Fargo Securities acting as dealer managers [2]. - The total original principal amount of the applicable classes of Notes is approximately $2.25 billion [5]. Pricing Terms - The table provided outlines the specific CAS Notes being offered, including their original principal balances and the consideration per $1,000 original principal amount: - Series 2017-C03, Class 1B-1: $26,045,000 at $1,063.13 - Series 2017-C06, Class 2B-1: $19,316,000 at $1,067.81 - Series 2017-C07, Class 1B-1: $27,201,000 at $1,068.44 - Series 2018-C04, Class 2B-1: $17,000,000 at $1,096.41 - Series 2018-C06, Class 2B-1: $25,087,000 at $1,091.88 - Series 2020-SBT1, Class 2M-2: $316,415,000 at $1,040.94 - Series 2021-R02, Class 2M-2: $283,566,000 at $1,011.72 - Series 2022-R01, Class 1M: $434,007,000 at $1,013.59 - Series 2022-R06, Class 1M: $332,500,000 at $1,023.28 - Series 2022-R07, Class 1M: $391,813,000 at $1,025.78 - Series 2022-R08, Class 1M: $377,927,000 at $1,025.47 [3][4]. Tender Process - Holders must tender their Notes by the expiration time to receive the Tender Offer Consideration, which includes accrued and unpaid interest up to the Settlement Date, expected on October 7, 2025 [6]. - Notes tendered via the Notice of Guaranteed Delivery will be purchased on October 8, 2025, with interest payments made only up to the Settlement Date [6]. Contact Information - For further inquiries, holders can contact Global Bondholder Services Corporation or the designated dealer managers [7].