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FANNIE MAE DEBENTURE ANNOUNCEMENT

 FANNIE MAE DEBENTURE ANNOUNCEMENT
 WASHINGTON, Dec. 2 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture announcement:
 Date of Offering: Dec. 4, 1991
 Issue Date: Dec. 10, 1991
 Term: 7 years
 Amount (millions): $700
 Maturity Date: 12/10/98
 Date of First
 Interest Payment
 (then semi-annually): 6/10/92
 Date interest rates
 and prices will be
 announced: Dec. 3, 1991
 The net proceeds of this offering will be used to redeem the $550,000,000 of Series SM-1991-C, 11.75 percent debentures due Dec. 10, 1991, and added to the working capital of the Federal National Mortgage Association and used for general corporate purposes.
 Debentures will be issued in book-entry form only. The minimum purchase is $10,000 and multiples of $5,000 thereafter. The offering is being made through Fannie Mae's Senior Vice President - Finance and Treasurer, Gary L. Perlin, and Vice President and Assistant Treasurer, Linda K. Knight, 3900 Wisconsin Ave., N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on Dec. 4, 1991 will be free to trade at 8:20 a.m. EST.
 -0- 12/2/91
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:


MK -- DC009 -- 8279 12/02/91 10:46 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 2, 1991
Words:227
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