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Fannie Mae Redemption.


Business Editors

WASHINGTON--(BUSINESS WIRE)--May 23, 2003

Fannie Mae Fannie Mae: see Federal National Mortgage Association.  will redeem the principal amount indicated of the following securities issues on the redemption date Redemption date

The date on which a bond matures or is redeemed.


redemption date

The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date.
 indicated below at a redemption price Redemption price

See: Call price


redemption price

1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share.

2.
 equal to 100 percent of the principal amount redeemed, plus accrued interest Accrued Interest

The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date.

There are two methods for calculating accrued interest:
1) 360-day year method, used for corporate and municipal bonds.
 thereon to the date of redemption:

----------------------------------------------------------------------
  Principal   Security Interest Maturity Date   CUSIP    Redemption
   Amount       Type     Rate                                Date
----------------------------------------------------------------------
$150,000,000    MTN      2.280% Dec. 3, 2004  3136F2TX6 June 3, 2003
----------------------------------------------------------------------
 $25,000,000    MTN      4.220% June 3, 2005  3136F1L65 June 3, 2003
----------------------------------------------------------------------
 $35,000,000    MTN      3.420% March 3, 2008 3136F3BK1 June 3, 2003
----------------------------------------------------------------------
$300,000,000    MTN      3.750% June 4, 2004  3136F1Q86 June 4, 2003
----------------------------------------------------------------------
$250,000,000    MTN      4.625% June 4, 2006  3136F06P2 June 4, 2003
----------------------------------------------------------------------
 $18,878,000    MTNR     5.500% June 4, 2010  3136F1U40 June 4, 2003
----------------------------------------------------------------------
 $25,000,000    MTN      6.000% June 4, 2010  3136F1R51 June 4, 2003
----------------------------------------------------------------------
 $25,000,000    MTN      6.100% June 4, 2010  3136F1R28 June 4, 2003
----------------------------------------------------------------------
 $25,000,000    MTN      6.380% June 12, 2012 3136F1M23 June 4, 2003
----------------------------------------------------------------------
 $25,000,000    MTN      5.260% March 4, 2013 3136F25C8 June 4, 2003
----------------------------------------------------------------------
 $50,000,000    MTN      5.270% March 4, 2013 3136F25K0 June 4, 2003
----------------------------------------------------------------------
 $50,000,000    MTN      2.900% Dec. 5, 2005  3136F2UE6 June 5, 2003
----------------------------------------------------------------------
 $50,000,000    MTN      3.030% Dec. 5, 2005  3136F2VE5 June 5, 2003
----------------------------------------------------------------------
$150,000,000    MTN      3.150% Sept. 5, 2006 3136F26L7 June 5, 2003
----------------------------------------------------------------------
$150,000,000    MTN      5.800% Dec. 5, 2006  3136F0MM1 June 5, 2003
----------------------------------------------------------------------
 $10,318,000    MTNR     5.800% June 5, 2008  3136F0LY6 June 5, 2003
----------------------------------------------------------------------
 $50,000,000    MTN      5.375% Dec. 5, 2017  3136F2WL8 June 5, 2003
----------------------------------------------------------------------


Fannie Mae is a New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 company and the largest non-bank financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages.

Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream American dream also American Dream
n.
An American ideal of a happy and successful life to which all may aspire:
 Commitment" to increase homeownership rates and serve 18 million targeted American families American Family is a photographic artwork exhibition by Renée Cox. See also
  • An American Family, a 1973 documentary broadcast on PBS
  • , a 2002-2004 PBS drama starring Edward James Olmos and Constance Marie.
 by the end of the decade. Since 1968, Fannie Mae has provided $4.8 trillion of mortgage financing for more than 52 million families.

More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Style Usage: Fannie Mae's Board of Directors has authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE NYSE

See: New York Stock Exchange
 as "FNM FNM Faith No More (band)
FNM Fábrica Nacional de Motores (Brazilian truck/motor company))

FNM Free National Movement (Bahamas)
FNM Foot and Mouth ." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 23, 2003
Words:435
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