Fannie Mae plans to redeem $605 million medium-term notes at par

By Toni Weeks

San Diego, May 9 - Fannie Mae said that it will redeem $605 million of its medium-term notes, according to a press release.

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

On May 19, $25 million of 4% notes due Nov. 19, 2013 and $80 million of 3.15% notes due Nov. 19, 2015 will be redeemed. In addition, $500 million of 1.25% notes due Aug. 23, 2013 will be redeemed on May 23.

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