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Fannie Mae Redemption.


Business Editors

WASHINGTON--(BUSINESS WIRE)--March 26, 2001

Fannie Mae Fannie Mae: see Federal National Mortgage Association.  will redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun.  the principal amounts 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 there·on  
adv.
1. On or upon this, that, or it.

2. Archaic Following that immediately; thereupon.

Adv. 1. thereon - on that; "text and commentary thereon"
on it, on that
 to the date of redemption:


Principal  Security  Interest  Maturity      CUSIP      Redemption
Amount       Type      Rate      Date                      Date
----------------------------------------------------------------------
$ 50,000,000  MTN    5.940%  April 6, 2001  31364GB99  April 5, 2001
----------------------------------------------------------------------
$ 25,000,000  MTNR   6.000%  April 17, 2001 31364F4S7  April 5, 2001
----------------------------------------------------------------------
$200,000,000  MTN    6.000%  April 19, 2001 31364GJN0  April 5, 2001
----------------------------------------------------------------------
$200,000,000  MTN    6.050%  April 24, 2001 31364GSU4  April 5, 2001
----------------------------------------------------------------------
$150,000,000  MTN    6.050%  April 26, 2001 31364GUK3  April 5, 2001
----------------------------------------------------------------------
$150,000,000  MTN    6.050%  May 1, 2001    31364GVC0  April 5, 2001
----------------------------------------------------------------------
$ 15,000,000  MTNR   6.100%  May 1, 2001    31364GK99  April 5, 2001
----------------------------------------------------------------------
$200,000,000  MTN    6.420%  May 8, 2001    31364FSK8  April 5, 2001
----------------------------------------------------------------------
$125,000,000  MTN    6.420%  Oct. 1, 2001   31364FTS0  April 5, 2001
----------------------------------------------------------------------
$200,000,000  MTN    6.480%  Oct. 5, 2001   31364FWP2  April 5, 2001
----------------------------------------------------------------------
$100,000,000  MTN    6.430%  Oct. 5, 2001   31364FS85  April 5, 2001
----------------------------------------------------------------------
$100,000,000  MTN    6.460%  Oct. 26, 2001  31364F5M9  April 5, 2001
----------------------------------------------------------------------
$ 75,000,000  MTN    6.530%  Nov. 9, 2001   31364GVE6  April 5, 2001
----------------------------------------------------------------------
$ 15,000,000  URET   7.750%  Nov. 15, 2001  31364KKK5  April 5, 2001
----------------------------------------------------------------------
$ 50,000,000  MTN    5.670%  Nov. 15, 2001  31364GBE8  April 6, 2001
----------------------------------------------------------------------
$150,000,000  MTN    5.890%  Nov. 15, 2001  31364GD30  April 6, 2001
----------------------------------------------------------------------
$100,000,000  MTN    5.980%  Nov. 19, 2001  31364GC64  April 6, 2001
----------------------------------------------------------------------
$100,000,000  UUFI   7.570%  Dec. 3, 2001   31364KKZ2  April 6, 2001
----------------------------------------------------------------------
$ 20,000,000  URET   7.250%  Dec. 10, 2001  31364KKS8  April 6, 2001
----------------------------------------------------------------------
$ 15,000,000  URET   7.750%  Dec. 14, 2001  31364KKX7  April 6, 2001
----------------------------------------------------------------------
$ 50,000,000  MTN    6.690%  Feb. 2, 2011   31364BUT5  April  25, 2001
----------------------------------------------------------------------


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 $3.0 trillion of mortgage financing for over 37 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 "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 26, 2001
Words:487
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