Fannie Mae plans to redeem $1.96 billion securities at par

By Toni Weeks

San Diego, July 1 - Fannie Mae said that it will redeem $1,963,389,000 of its securities, according to a press release.

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

The following securities will be redeemed July 11:

• $3,389,000 of 5.3% notes due July 11, 2023;

• $50 million of 1.15% notes due July 11, 2013;

• $50 million of 2.5% notes due Jan. 11, 2016;

• $50 million of 2.625% notes due Jan. 11, 2016;

• $100 million of 2% notes due Jan. 11, 2021; and

• $50 million of 2% notes due Jan. 11, 2016.

The following securities will be redeemed July 12:

• $60 million of 0.625% notes due Oct. 12, 2012; and

• $50 million of 2% notes due Jan. 12, 2018.

The following securities will be redeemed July 13:

• $50 million of 2% notes due July 13, 2017;

• $50 million of 4% notes due July 13, 2015;

• $50 million of 1.5% notes due July 13, 2015;

• $75 million of 2.75% notes due July 13, 2015;

• $135 million of 2% notes due Jan. 13, 2015; and

• $50 million of 2.05% notes due Jan. 13, 2015.

The following securities will be redeemed July 14:

• $250 million of 1.75% notes due July 14, 2014;

• $50 million of 2.4% notes due July 14, 2015;

• $615 million of 1% notes due July 14, 2015;

• $50 million of 1.6% notes due Jan. 14, 2014;

• $75 million of 4.3% notes due Jan. 14, 2021;

• $50 million of 1% notes due Jan. 14, 2013; and

• $50 million of 1.625% notes due Jan. 14, 2014.

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