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REDEMPTION OF SUBORDINATED CAPITAL DEBENTURE ISSUE

 REDEMPTION OF SUBORDINATED CAPITAL DEBENTURE ISSUE
 WASHINGTON, Sept. 1 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) announced that it will redeem a subordinated capital debenture issue of $80.240 million.
 On Sept. 30, 1992, Fannie Mae will redeem all $80.240 million of outstanding Series CD-2002-B, 8.20 percent subordinated capital debentures due Sept. 30, 2002. These debentures were originally issued on Sept. 30, 1982. The debentures will be redeemed at 100 percent of the principal amount redeemed together with accrued interest thereon to Sept. 30, 1992.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 9/1/92
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


DC -- DC004 -- 5384 09/01/92 11:18 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 1, 1992
Words:141
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