Fannie Mae Redemptions.WASHINGTON--(BUSINESS WIRE)--June 12, 1998--Fannie Mae will redeem the principal amounts indicated of the following securities issues on the respective redemption dates 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% 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. -0- Principal Security Interest Maturity Redemption Amount Type Rate Date Cusip Date $100,000,000 MTN 6.11% June 22, 1999 31364CU89 June 22, 1998 $ 50,000,000 MTN 7.22% June 22, 2001 31364CEW4 June 22, 1998 $ 50,000,000 MTN 7.28% June 22, 2001 31364CEZ7 June 22, 1998 $ 75,000,000 MTN 7.12% June 22, 2004 31364CU71 June 22, 1998 $ 50,000,000 MTN 8.15% June 22, 2011 31364CET1 June 22, 1998 $ 75,000,000 MTN 7.13% June 24, 2004 31364CV88 June 24, 1998 $ 50,000,000 MTN 6.85% June 26, 2002 31364CW46 June 26, 1998 $ 50,000,000 MTN 6.40% July 13, 2000 31364BFL9 July 13, 1998 $ 50,000,000 MTN 6.20% July 14, 2000 31364BFN5 July 14, 1998 $100,000,000 MTN 7.06% July 14, 2005 31364BFM7 July 14, 1998 -0- Fannie Mae Fannie Mae: see Federal National Mortgage Association. is a congressionally chartered, shareholder-owned company and the nation's largest source of funds for home mortgages. It has committed to provide $1 trillion in targeted lending for 10 million homes by the end of the decade. The targeted lending will serve low- and moderate-income families, minorities, new immigrants, residents of central cities and other underserved areas, and people who have special housing needs. 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." CONTACT: Fannie Mae Gene Eisman, 202/752-6673 |
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