Fannie Mae to redeem medium-term notes totaling $735 million at par

By Marisa Wong

Milwaukee, May 24 - Fannie Mae announced that it will redeem a total of $735 million of its medium-term notes.

Fannie Mae said in a news release that the redemption price will be the principal amount plus accrued interest up to the redemption date.

Affected are the following securities, all to be redeemed June 3:

• $25 million of 1.35% bonds due June 3, 2011;

• $150 million of 2.1% bonds due Dec. 3, 2012;

• $50 million of 2.125% bonds due June 3, 2013;

• $10 million of 3% bonds due Dec. 3, 2014; and

• $500 million of 3.61% bonds due June 3, 2016.

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