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FANNIE MAE ANNOUNCES DEBENTURE REDEMPTION

 WASHINGTON, May 13 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that on June 14, 1993, it will redeem all $700 million of outstanding Series SM- 1995-L, 8.85 percent debentures due June 12, 1995. The debentures were originally issued on June 11, 1990. 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 is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 5/13/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

TW -- DC008 -- 8007 05/13/93 10:18 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:119
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