Fannie Mae plans to redeem $1.1 billion of securities at par

By Toni Weeks

San Diego, May 18 - Fannie Mae said that it will redeem $1.1 billion of 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 28, $100 million of 1.1% notes due Aug. 28, 2013 will be redeemed.

On June 1, $1 billion of 0% notes due June 1, 2035 will be redeemed.

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