WASHINGTON, DC-Fannie Mae is redeeming $250 million in recallable mid-term notes with a maturity date of July 2, 2012. The redemption date is Jan. 2, 2001. The company says it's an issue of cost-effectiveness.
The notes can be redeemed on Jan. 2, 2001 at a redemption price equal to 100% of the principal plus accrued interest to the redemption date, Smith says.
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