Fannie Mae plans to redeem $1.08 billion in medium-term notes

By Ashley Montgomery

Kansas City, Kan., Oct. 4 - Fannie Mae will redeem $1.08 billion of its medium-term notes, according to a news release. The redemption price will be at par plus interest up to the redemption date.

The redemption date is Oct. 14.

The following securities are affected:

• $50 million of 3% notes due July 14, 2025;

• $50 million of 3% notes due July 14, 2022;

• $50 million of 4% notes due July 14, 2025;

• $100 million of 3% notes due July 14, 2025;

• $50 million of 3% notes due July 14, 2022;

• $50 million of 3% notes due July 14, 2022;

• $50 million of 3.125% notes due July 14, 2025;

• $50 million of 1.15% notes due April 14, 2014;

• $75 million of 2.125% notes due Oct. 14, 2022;

• $100 million of 1.5% notes due April 14, 2015;

• $50 million of 1.3% notes due Oct. 14, 2014;

• $50 million of 3% notes due Oct. 14, 2020;

• $150 million of 2% notes due April 14, 2026;

• $50 million of 2.15% notes due April 14, 2021; and

• $150.1 million of 0.625% notes due April 14, 2014.

Fannie Mae provides funds to mortgage bankers and other lenders to be used in loans to homebuyers.

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