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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, July 12 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that on Aug. 11, 1993, it will redeem all $600 million of outstanding Series SM-1997-Q, 5.95 percent debentures due Aug. 11, 1997. The debentures were originally issued on Aug. 10, 1992. The redemption price of the debentures will be 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption.
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 7/12/93
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

TW -- DC028 -- 0483 07/12/93 14:03 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
Words:118
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