Fannie Mae to redeem medium-term notes totaling $1.26 billion at par

By Marisa Wong

Madison, Wis., Aug. 30 - Fannie Mae announced that it will redeem a total of $1.26 billion 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 Sept. 9:

• $82.34 million of 3.79% notes due Sept. 9, 2011;

• $100 million of 3.25% notes due Sept. 9, 2014;

• $20 million of 2% notes due March 9, 2012;

• $25 million of 4% notes due Dec. 9, 2024;

• $35 million of 3% notes due Dec. 9, 2024;

• $50 million of 2.15% notes due March 9, 2017; and

• $950 million of 3% notes due March 9, 2015.

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