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Fannie Mae Redemption.


Business Editors

WASHINGTON--(BUSINESS WIRE)--May 24, 2002

Fannie Mae Fannie Mae: see Federal National Mortgage Association.  will redeem the principal amount indicated of the following securities issue 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
------------ -------- -------- ---------------- --------- ------------
$ 50,000,000   MTN     3.200%  December 3, 2002 3136F05S7 June 3, 2002
------------ -------- -------- ---------------- --------- ------------
$150,000,000   MTN     6.130%  June 3, 2004     31364GS83 June 3, 2002
------------ -------- -------- ---------------- --------- ------------
$ 15,000,000  MTNR     5.850%  March 19, 2008   31364K4L1 June 3, 2002
------------ -------- -------- ---------------- --------- ------------
$ 15,000,000  MTNR     5.875%  April 11, 2008   3136F0DF6 June 3, 2002
------------ -------- -------- ---------------- --------- ------------
$150,000,000   MTN     6.100%  February 4, 2009 31364GQV4 June 3, 2002
------------ -------- -------- ---------------- --------- ------------
$150,000,000   MTN     4.700%  June 4, 2003     3136F0MP4 June 4, 2002
------------ -------- -------- ---------------- --------- ------------
$300,000,000   MTN     5.250%  June 4, 2004     31359MJM6 June 4, 2002
------------ -------- -------- ---------------- --------- ------------
$ 35,000,000   MTN     6.000%  December 4, 2006 3136F0LD2 June 4, 2002
------------ -------- -------- ---------------- --------- ------------
$ 50,000,000   MTN     6.270%  June 4, 2008     3136F0MN9 June 4, 2002
------------ -------- -------- ---------------- --------- ------------
$ 50,000,000   MTN     3.210%  December 5, 2003 3136F05U2 June 5, 2002
------------ -------- -------- ---------------- --------- ------------
$ 22,171,000  MTNR     5.500%  June 5, 2006     3136F0LX8 June 5, 2002
------------ -------- -------- ---------------- --------- ------------
$ 25,000,000   MTN     7.875%  June 6, 2005     31364KPT1 June 6, 2002
------------ -------- -------- ---------------- --------- ------------
$ 50,000,000   MTN     3.200%  December 5, 2003 3136F05V0 June 5, 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 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 more than $3.8 trillion of mortgage financing for nearly 44 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 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:May 24, 2002
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