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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION
 WASHINGTON, Nov. 12 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) announced that on Dec. 14, 1992, it will redeem all $1.875 billion of outstanding Series SM-1994-H, 8.30 percent debentures due Dec. 12, 1994. The debentures were originally issued on Dec. 11, 1989. The redemption price of the debentures will be 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 11/12/92
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


DC -- DC008 -- 0082 11/12/92 10:04 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 12, 1992
Words:127
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