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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, Feb. 8 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that on March 10, 1993, it will redeem all $700 million of outstanding Series SM-2000-B, 9.30 percent debentures due March 10, 2000. The debentures were originally issued on March 12, 1990. The redemption price of the debentures will be 104.650 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- 2/8/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

DC -- DC010 -- 4042 02/08/93 11:08 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:122
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