Fannie Mae plans to redeem $325 million of its medium term-notes

By Ashley Montgomery

Kansas City, Kan., Sept. 30 - Fannie Mae said that it would redeem $325 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.

The following securities will be redeemed Oct. 12

• $50 million of 2% notes due July 12, 2019;

• $50 million of 1.5% notes due April 12, 2018;

• $175 million of 1.25% notes due April 12, 2021;

• $50 million of 1% notes due April 12, 2016;

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

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