Fannie Mae plans to redeem $2.72 billion securities at par in June

By Toni Weeks

San Diego, May 27 - Fannie Mae said that it will redeem $2,721,486,000 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 June 6:

• $1,486,000 of 5% notes due June 6, 2023; and

• $1 billion of 0.75% notes due Dec. 6, 2012.

The following securities will be redeemed June 7:

• $250 million of 1% notes due June 7, 2013;

• $50 million of 0.5% notes due Sept. 7, 2012; and

• $250 million of 5.945% notes due June 7, 2027.

The following securities will be redeemed June 8:

• $50 million of 3% notes due Dec. 8, 2015;

• $100 million of 2% notes due June 8, 2015;

• $50 million of 2.5% notes due Dec. 8, 2017; and

• $75 million of 1% notes due Sept. 8, 2014.

The following securities will be redeemed June 9:

• $50 million of 5.5% notes due June 9, 2033;

• $30 million of 1.75% notes due Dec. 9, 2014;

• $100 million of 4% notes due June 9, 2025;

• $100 million of 2% notes due June 9, 2025;

• $65 million of 3.8% notes due Sept. 9, 2020;

• $50 million of 1.9% notes due June 9, 2015; and

• $500 million of 1.1% notes due Dec. 9, 2013.

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