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What does this mean? Fannie Mae security buyback

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  • What does this mean? Fannie Mae security buyback

    http://www.euroinvestor.co.uk/News/S...toryID=9597599

    Is this just a generic redemption or does it mean something more?

    Granted it is only $135M, but still...

    "
    Fannie Mae Redemptionfficeffice" />










    13/07/2007 - 14:00






    WASHINGTON, July 13 /PRNewswire/ --


    Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the dates of redemption:


    Code:
    Principal Amount / Security Type / Interest Rate / Maturity Date / CUSIP Redemption Date
    Code:
     
    US$15,000,000 MTN 5.460 % October 3136F74H7 July 23, 2007
    23, 2008 
    US$50,000,000 MTN 5.480 % October 3136F74E4 July 24, 2007
    24, 2008 
    US$50,000,000 MTNR 5.500 % July 25, 3136F7Q26 July 25, 2007
    2011 
    US$20,000,000 MTNR 5.000 % July 25, 3136F14U1 July 25, 2007
    2017 
    Last edited by c1ue; July 18, 2007, 12:39 PM.
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