Reissner-Nordstrom Black Holes and Strings with Rescaled Tension

We show that extreme and nonextreme Reissner--Nordstrom black holes in five dimensions can be described by closed fundamental strings with two charges in a magnetic five brane. Due to the five brane background the string oscillator number and tension are rescaled whereas the mass remains fixed. The black hole mass is given by the sum of the five brane and string masses. Its entropy however is given by only that of the string with the tension rescaling taken into account. We also show that the emission of a low energy scalar from the slightly nonextreme string matches the Hawking radiation expected from the black hole.