Fannie Mae plans to redeem $400 million medium-term notes

By Tali David

Minneapolis, Oct. 24 - Fannie Mae will redeem $400 million of its medium-term notes, according to a press release.

The following securities will be redeemed on Nov. 3 at their principal amount plus accrued interest up to the redemption date:

• $50 million of 3% notes due Aug. 3, 2018;

• $50 million of 2.5% notes due Aug. 3, 2020;

• $50 million of 2.25% notes due Aug. 3, 2018; and

• $250 million of 1.2% notes due Nov. 3, 2014.

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