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FANNIE MAE ISSUES DEBENTURE ANNOUNCEMENT

 WASHINGTON, June 4 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) issued the following debenture announcement:
 Date of Offering: June 9, 1993
 Series: SM-1998-N SM-2003-D
 Issue Date: June 10, 1993
 Term: 5 years 10 years
 Callable on or after: N/A 06/10/98
 Amount (millions): $300 $500
 Maturity Date: 06/10/98 06/10/03
 CUSIP: 3135867V5 3135867W3
 Date of First
 Interest Payment
 (then semi-annually): 12/10/93 12/10/93
 Date interest rate
 and price will be
 announced: June 8, 1993
 The debentures of June 10, 1998, are not redeemable before maturity. The debentures of June 10, 2003, are redeemable on or after June 10, 1998. The debentures of June 10, 2003, 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 $900,000,000 of Series SM-1993-J, 8.80 percent debentures due June 10, 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's senior vice president and treasurer, Linda K. Knight, 3900 Wisconsin Ave. N.W., Washington, D.C. 20016, assisted by nationwide selling group of recognized securities dealers.
 The issues that are offered on June 9, 1993, will be free to trade at 8:20 a.m. EDT.
 -0- 6/4/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

MH-DC -- DC012 -- 5385 06/04/93 10:59 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
Words:300
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