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Federal National Mortgage Association (Fannie Mae) announces fifth multifamily K certificates offering


Tuesday, 29 Apr 2014 09:06am EDT 

Federal National Mortgage Association (Fannie Mae):Says new offering of Structured Pass-Through Certificates (K Certificates) backed primarily by fixed-rate multifamily mortgages with a 7-year term.Expects to offer about $1.2 bln in K Certificates (K-715 Certificates), which are expected to price the week of April 28, 2014, and settle on or about May 13, 2014.K-715 Certificates will be offered to the market by a syndicate of dealers led by Barclays Capital Inc. and Credit Suisse Securities (USA) LLC as co-lead managers and joint bookrunners.Guggenheim Securities, LLC, Jefferies LLC, Stern Brothers & Co. and Wells Fargo Securities, LLC will serve as co-managers.