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FANNIE MAE ANNOUNCES ITS MEDIUM-TERM NOTE REDEMPTION

 WASHINGTON, July 20 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) announced that it will redeem all outstanding amounts of three Medium-Term Note issues totaling $1.275 billion.
 The following Medium-Term Note issues will be redeemed on the respective redemption dates indicated below at a redemption price of 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
 Principal Interest Maturity Redemption
 Amount Rate Date Date
 $1,000,000,000 4.75 pct.(A) Aug. 19, 1997 Aug. 19, 1993
 $ 250,000,000 4.375 pct.(A) Sept. 1, 1995 Sept. 1, 1993
 $ 25,000,000 8.37 pct.(A) Sept. 4, 2001 Sept. 6, 1993
 (A) Current interest rate
 Fannie Mae is a congressionally chartered, shareholder-owned company and the nation's largest source of home mortgage funds.
 -0- 7/20/93
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

IH-KD -- DC018 -- 6763 07/20/93 11:34 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:168
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