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Fannie Mae Prepares for Another Round of Redemptions

WASHINGTON, DC-Fannie Mae will again be redeeming the principal amounts indicated on a security issue this month. The redemption date is listed as Feb. 22 of this year.

By Amy Vaughn | Updated on February 12, 2001

WASHINGTON, DC-Fannie Mae will be redeeming the principal amount of $15 million on Security Type MTNR at a redemption equal to 100% of the principal amount redeemed, plus accrued interest up to the date of redemption. The interest is listed at 8% and the redemption date is Feb. 22, 2001. The maturity date is listed as Feb. 22, 2010 and the CUSIP is 31364KHH6.

Spokespeople for Fannie Mae state the company is the largest non-bank financial services company in the world and operates pursuant to a federal charter. They add that by the end of this decade the company will spend $2 trillion to increase homeownership rates and aide 18-million targeted families.

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