Fannie Mae to redeem $695 million of its medium-term notes on Nov. 10

By Ashley Montgomery

Kansas City, Kan., Oct. 31 - Fannie Mae will redeem $695 million of its medium-term notes, according to a company news release.

The notes will be redeemed at par plus accrued interest up to the redemption date.

The following securities will be redeemed Nov. 10:

• $50 million of 2% notes due Aug. 10, 2022;

• $50 million of 3% notes due Aug.10, 2015;

• $50 million of 3% notes due Feb. 10, 2023;

• $50 million of 1.375% notes due Nov. 10, 2015;

• $40 million of 1.5% notes due May 10, 2016;

• $25 million of 3.25% notes due May 10, 2023;

• $25 million of 2.25% notes due May 10, 2021;

• $100 million of 1.1.25% notes due May 10, 2016;

• $25 million of 2% notes due May 10, 2023;

• $30 million of 1.45% notes due Nov. 10, 2014; and

• $250 million of 2% notes due Nov. 10, 2016.

Washington, D.C.-based Fannie Mae provides funds to mortgage bankers and other lenders to be used in loans to homebuyers.

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