Fannie Mae calls $550.36 million of notes for Aug. 28 redemption

By Jennifer Chiou

New York, Aug. 18 - Fannie Mae will redeem a combined $550,355,000 principal amount of notes on Aug. 28, according to a news release from the agency.

The notes to be redeemed are Fannie Mae's $355,000 of 4.25% notes due Feb. 14, 2014, $300 million of 5.36% notes due Aug. 28, 2012, $75 million of 3% notes due May 28, 2014, $25 million of 5.47% notes due Aug. 28, 2014, $55 million of 5.72% notes due Aug. 28, 2014, $20 million of 5.72% notes due Aug. 28, 2017, $25 million of 6% notes due Aug. 28, 2017 and $50 million of 5.5% notes due Feb. 28, 2020.

Noteholders will receive par plus accrued interest to the redemption date.

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