Printer Friendly

FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT

 FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
 WASHINGTON, July 31 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture announcement:
 Date of Offering: Aug. 5, 1992
 Issue Date: Aug. 10, 1992
 Series: SM-1997-Q SM-1999-H SM-2002-H
 Term: 5 years 7 years 10 years
 Callable on or after: 8/11/93 N/A 8/12/97
 Amount (millions): $600 $600 $500
 Maturity Date: 8/11/97 8/10/99 8/12/02
 CUSIP: 3135865K1 3135865L9 3135865M7
 Date of First
 Interest Payment
 (then semi-annually): 2/11/93 2/10/93 2/12/93
 Date interest rates
 and prices will be
 announced: Aug. 4, 1992
 The debentures of Aug. 11, 1997, are redeemable on or after Aug. 11, 1993, and the debentures of Aug. 12, 2002, are redeemable on or after Aug. 12, 1997. The debentures are redeemable in whole or in part at the option of the corporation at any time (and from time to time) at 100 percent of the principal amount redeemed plus accrued interest thereon to the date of redemption.
 The net proceeds of this offering will be used to redeem the $800,000,000 of Series SM-1992-M, 7.75 percent debentures due Aug. 10, 1992, and added to the working capital of the Federal National Mortgage Association and used for general corporate purposes.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering is being made through Fannie Mae's Senior Vice President-Finance and Treasurer Gary L. Perlin and Vice President and Assistant Treasurer Linda K. Knight 3900 Wisconsin Ave. N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on Aug. 5, 1992, will be free to trade at 8:20 a.m. Eastern Daylight Time.
 -0- 7/31/92
 /CONTACT: Gene Eisman of the Federal National Mortgage Association, 202-752-6673/ CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:


IH -- DC017 -- 5698 07/31/92 14:52 EDT
COPYRIGHT 1992 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 31, 1992
Words:338
Previous Article:MEDIQ SELLS SUBURBAN MEDICAL SERVICES UNIT; REDUCES SENIOR DEBT
Next Article:MORRISON KNUDSEN DIRECTORS DECLARE 20-CENT CASH DIVIDEND


Related Articles
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT
FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters