Fannie Mae Redemption.Business Editors WASHINGTON--(BUSINESS WIRE)--March 29, 2002 Fannie Mae Fannie Mae: see Federal National Mortgage Association. will redeem 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 to the date of redemption: ---------------------------------------------------------------------- Principal Security Interest Maturity CUSIP Redemption Amount Type Rate Date Date ---------------------------------------------------------------------- $100,000,000 MTN 5.400% April 04, 2005 3136F0BA9 April 08, 2002 ---------------------------------------------------------------------- $ 50,000,000 MTN 5.720% April 05, 2006 3136F0DB5 April 08, 2002 ---------------------------------------------------------------------- $ 25,000,000 MTN 5.000% July 09, 2004 3136F0RP9 April 09, 2002 ---------------------------------------------------------------------- $153,825,000 MTN 7.500% April 09, 2007 31364CC22 April 09, 2002 ---------------------------------------------------------------------- $ 40,000,000 MTN 8.150% April 10, 2015 31364KLB4 April 10, 2002 ---------------------------------------------------------------------- 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 Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.6 trillion of mortgage financing for nearly 43 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 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." |
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