Fannie Mae plans to redeem $1.5 billion of its 0.55% notes due 2012

By Ashley Montgomery

Kansas City, Kan., Oct. 21 - Fannie Mae said it would redeem $1.5 billion of its 0.55% medium-term notes due Nov. 1, 2012, according to a news release.

The redemption price will be at par plus accrued interest up to the redemption date on Nov. 1.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.