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FANNIE MAE ANNOUNCES DEBENTURE PRICING

 WASHINGTON, Sept. 23 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced the following debenture pricing:
 Date of Offering: Sept. 24, 1993
 Series: SM-1998-R
 Price: PAR
 Issue Date: Sept. 27, 1993
 Term: 5 years
 Callable on or after: 09/30/96
 Interest Rate: 4.95 pct.
 Yield: 4.950 pct.
 Amount (millions): $800
 Maturity Date: 09/30/98
 CUSIP: 31359CAD7
 Date of First
 Interest Payment
 (then semi-annually): 03/30/94
 The debentures of Sept. 30, 1998, are redeemable on or after Sept. 30, 1996. The debentures are redeemable in whole or in part at the option of the corporation at any time (and from time to time) on or after the initial redemption date at a redemption price of 100 percent of the principal amount redeemed plus accrued interest thereon to the date of redemption.
 The net proceeds of this offering will be added to the working capital of the Federal National Mortgage Association and used for general corporate purposes.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering is being made through Fannie Mae Senior Vice President and Treasurer Linda K. Knight, 3900 Wisconsin Ave. N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on Sept. 24, 1993, will be free to trade at 8:20 a.m. EDT.
 -0- 9/23/93
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:

MH -- DC035 -- 5283 09/23/93 14:15 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
Words:270
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