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FANNIE MAE ISSUES DEBENTURE PRICING

 WASHINGTON, April 5 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) issued the following debenture pricing:
 Date of Offering: April 6, 1993
 Series: SM-2003-C
 Price: 99.953125 pct.
 Issue Date: April 12, 1993
 Term: 10 years
 Callable on or after: 04/10/98
 Interest Rate: 6.625 pct.
 Yield: 6.631 pct.
 Amount (millions): $700
 Maturity Date: 04/10/03
 CUSIP: 3135867T0
 Date of First
 Interest Payment
 (then semi-annually): 10/10/93
 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's 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. EDT.
 -0- 4/5/93
 /CONTACT: Tom Marder of Fannie Mae, 202-752-7608/
 (FNM)


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

DC-TW -- DC014 -- 3091 04/05/93 14:01 EDT
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Publication:PR Newswire
Date:Apr 5, 1993
Words:285
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