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FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT

 WASHINGTON, April 2 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) issued the following debenture announcement:
 Date of Offering: April 6, 1993
 Series: SM-2003-C
 Issue Date: April 12, 1993
 Term: 10 years
 Callable on or after: 4/10/98
 Amount (millions): $700
 Maturity Date: 4/10/03
 CUSIP: 3135867TO
 Date of First
 Interest Payment
 (then semi-annually): 10/10/93
 Date interest rates
 and prices will be
 announced: April 5, 1993
 The debentures of April 10, 2003, are redeemable on or after April 10, 1998. The debentures are redeemable in whole or in part at the option of the corporation at any time (and from time to time) on or after the initial redemption date at a redemption price of 100 percent of the principal amount redeemed plus accrued interest thereon to the date of redemption.
 The net proceeds of this offering will be used to redeem in part the $493,000,000 of Series SM-1993-C, 10.875 percent debentures and the $400,000,000 of Series SM-1993-F, 7.55 percent debentures due April 12, 1993.
 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 Senior Vice President and 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 April 6, 1993, will be free to trade at 8:20 a.m. EST.
 -0- 4/2/93
 /CONTACT: Thomas Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

MH-IH -- DC009 -- 2436 04/02/93 10:32 EST
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Publication:PR Newswire
Date:Apr 2, 1993
Words:283
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