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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, Nov. 20 ~PRNewswire~ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that on Dec. 22 it will redeem all $200 million of outstanding Series SM-92~97 E, 9.80 percent debentures due Dec. 22, 1997. The debentures were originally issued on Dec. 22, 1987. 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- 11~20~92
 ~CONTACT: Tom Marder of Fannie Mae, 202-752-7608~
 (FNM)


CO: Fannie Mae ST: District of Columbia IN: FIN SU:

KD -- DC004 -- 3345 11~20~92 11:51 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:122
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