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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, April 2 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that it will redeem in full four Medium-Term Note issues totaling $575 million.
 The Medium-Term Note issues will be redeemed on the respective redemption dates indicated below at a redemption price of 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
 Principal Interest Maturity Redemption
 Amount Rate Date Date
 $300,000,000 8.45 pct. May 4, 1998 May 4, 1993
 $ 15,000,000 8.40 pct. May 6, 1998 May 6, 1993
 $250,000,000 7.71 pct. May 15, 1995 May 17, 1993
 $ 10,000,000 7.50 pct. May 16, 1995 May 17, 1993
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 4/2/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Fannie Mae ST: District of Columbia IN: FIN SU:

MH -- DC012 -- 2442 04/02/93 10:41 EST
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Publication:PR Newswire
Date:Apr 2, 1993
Words:169
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