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FANNIE MAE ISSUES DEBENTURE PRICING

 WASHINGTON, July 14 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today issued the following debenture pricing:
 Date of Offering: July 16, 1993
 Series: SM-1998-O
 Issue Date: July 22, 1993
 Term: 5 years
 Callable on or after: 07/22/96
 Amount (millions): $500
 Maturity Date: 07/22/98
 CUSIP: 3135867Y9
 Date of First
 Interest Payment
 (then semi-annually): 01/22/94
 Date interest rate
 and price will be
 announced: 07/15/93
 The debentures of July 22, 1998, are redeemable on or after July 22, 1996. The debentures are redeemable in whole or in part at the option of the corporation at any time (and from time to time) on or after the initial redemption date at a redemption price of 100 percent of the principal amount redeemed plus accrued interest thereon to the date of redemption.
 The net proceeds of this offering will be 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 and Treasurer, Linda K. Knight, 3900 Wisconsin Avenue, N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on July 16, 1993, will be free to trade at 8:20 a.m. EDT.
 -0- 7/14/93
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:

IH-TW -- DC012 -- 1322 07/14/93 10:55 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
Words:271
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