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Fannie Mae Announces Early Redemptions

WASHINGTON, DC-The nation's largest provider of home financings will redeem 17 securities before their maturity dates, totaling $1.585 billion. The maturities are slated for July 9 for the principal amounts plus interest.

By Wendy Watkins | Updated on June 27, 2001

WASHINGTON, DC-Fannie Mae has announced another series of early redemptions, all slated for July 9, with a total value of $1.585 billion. Fannie Mae will redeem the principal amounts for 100% plus accrued interest.

Slated for redemption are a $50 million MTNR security at 5.35% interest, maturity date of Oct. 29, 2004, CUSIP 31364GDL0; a $15 million MTNR security at 5.4% interest, maturity date of Nov. 9, 2004, CUSIP 31364GEY1; a $15 million MTNR security at 5.5% interest, maturity date Dec. 15, 2004, CUSIP 31364GKL2; a $15 million MTNR security at 5.5% interest, maturity date Feb. 8, CUSIP 31364GSK6; a $25 million MTN security at 5.7% interest, maturity date Oct. 28, 2005, CUSIP 31364GSK6; a $200 million MTN security at 5.75% interest, maturity date Oct 28, 2005, CUSIP 31364GEC9; a $100 million MTN security at 5.78% interest, maturity date Nov. 2, 2005, CUSIP 31364GEX3; a $150 million MTN security at 5.75% interest, maturity date Nov. 10, 2005, CUSIP 31364GFS3 and a $15 million MTNR security at 6.15% interest, maturity date March 30, 2007, CUSIP 31364GA41.

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