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FANNIE MAE TO REDEEM DEBENTURES

 FANNIE MAE TO REDEEM DEBENTURES
 WASHINGTON, Dec. 11 /PRNewswire/ -- Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today announced that it will redeem a subordinated capital debenture issue of $200 million.
 On Jan. 10, 1992, Fannie Mae will redeem all $200 million of outstanding Series CD-2002-A, 8.20 percent subordinated capital debentures due July 10, 2002. These debentures were originally issued on Feb. 10, 1977. The debentures will be redeemed at 100 percent of the principal amount redeemed together with accrued interest thereon to Jan. 10, 1992. Interest on these subordinated capital debentures shall cease to accrue on and after Jan. 10, 1992.
 Payment of capital debentures held in coupon form will be made upon presentment and surrender of such capital debentures with all coupons appertaining thereto maturing after the date fixed for redemption at any Federal Reserve Bank. Payment of capital debentures held in book-entry form will be effected at the time of redemption by the Federal Reserve Bank or branch thereof maintaining the book-entry accounts with respect to such capital debentures.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 12/11/91
 /CONTACT: Gene Eisman of Fannie Mae, 202-752-6673/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


SB -- DC018 -- 1516 12/11/91 13:38 EST
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Publication:PR Newswire
Date:Dec 11, 1991
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