Fannie Mae plans to redeem $1.95 billion of 17 note series at par

By Toni Weeks

San Diego, June 3 - Fannie Mae said that it will redeem $1.95 billion 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 13:

• $927,000 of 5.15% notes due June 13, 2023;

• $10 million of 5.15% notes due June 13, 2018;

• $200 million of 1.2% notes due Dec. 13, 2013;

• $50 million of 0.7% notes due Dec. 13, 2012;

• $100 million of 1.11% notes due Sept. 13, 2013; and

• $250 million of 0.8% notes due Dec. 13, 2012.

The following securities will be redeemed June 14:

• $75 million of 2% notes due March 14, 2014;

• $50 million of 1.375% notes due Dec. 14, 2012; and

• $250 million of 0.8% notes due Dec. 14, 2012.

The following securities will be redeemed June 15:

• $100 million of 5.275% notes due March 15, 2030;

• $50 million of 2.25% notes due July 15, 2015;

• $135 million of 1% notes due June 15, 2015;

• $50 million of 1.125% notes due June 15, 2012;

• $130 million of 2% notes due June 15, 2015;

• $50 million of 1.5% notes due June 15, 2015;

• $400 million of 2% notes due Dec. 15, 2015; and

• $50 million of 1% notes due Dec. 15, 2020.

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