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FANNIE MAE DEBENTURE REDEMPTION

 FANNIE MAE DEBENTURE REDEMPTION
 WASHINGTON, June 11 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today announced that on July 13, 1992, it will redeem all $850 million of outstanding Series SM-1994-J, 8.65 percent debentures, due July 11, 1994. The debentures were originally issued in July 1990. 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, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 6/11/92
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


TW -- DC010 -- 9201 06/11/92 11:24 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 11, 1992
Words:125
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