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FANNIE MAE ISSUES DEBENTURE PRICING

 FANNIE MAE ISSUES DEBENTURE PRICING
 WASHINGTON, June 1 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) issued the following debenture pricing:
 Date of Offering: June 2, 1992
 Price: 99.75 percent
 Issue Date: June 10, 1992
 Term: 10 years
 Callable on or after: 6/10/97
 Interest Rate: 7.80 percent
 Yield: 7.837 percent
 Amount (millions): $600
 Maturity Date: 6/10/02
 Date of First
 Interest Payment
 (then semi-annually): 12/10/92
 The debentures of June 10, 2002 are redeemable on or after June 10, 1997. 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 $1,078,000,000 of Series SM-1992-D, 10.125 percent debentures and the $184,980,000 of Series SM-1992-B, 7.05 percent debentures due June 10, 1992.
 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 Avenue, N.W., Washington, D.C. 20016, assisted by a nationwide selling group of recognized securities dealers.
 The issues that are offered on June 2, 1992, will be free to trade at 8:20 a.m. EDT.
 -0- 6/1/92
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


TW -- DC025 -- 5797 06/01/92 14:44 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
Words:297
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