Fannie Mae plans to redeem $1.08 billion medium-term notes on May 6

By Toni Weeks

San Diego, April 26 - Fannie Mae said that it will redeem $1,075,000,000 of medium-term notes, according to a press release.

The redemption price will be the principal amount plus accrued interest up to the redemption date.

Affected are the following securities, to be redeemed May 6:

• $25 million of 2% notes due May 6, 2014;

• $50 million of 1.25% notes due May 6, 2014; and

• $1 billion of 1.875% notes due May 6, 2013.

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