Bond Fannie Mae 6.03% ( US31364FDC23 ) in USD

Issuer Fannie Mae
Market price refresh price now   104.76 %  ⇌ 
Country  United States
ISIN code  US31364FDC23 ( in USD )
Interest rate 6.03% per year ( payment 2 times a year)
Maturity 07/10/2027



Prospectus brochure of the bond Federal National Mortgage Association US31364FDC23 en USD 6.03%, maturity 07/10/2027


Minimal amount 1 000 USD
Total amount 350 000 000 USD
Cusip 31364FDC2
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aa1 ( High grade - Investment-grade )
Next Coupon 08/04/2026 ( In 115 days )
Detailed description The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) that buys mortgages from lenders, thus providing liquidity to the mortgage market and making home loans more affordable.

Federal National Mortgage Association issued a USD 350,000,000 bond (CUSIP: 31364FDC2, ISIN: US31364FDC23) maturing on 07/10/2027, currently trading at 104.243% with a 6.03% coupon rate, paying semi-annually, and rated AA+ by S&P and Aaa by Moody's, with a minimum purchase amount of 1000.







PRICING SUPPLEMENT DATED OCTOBER 2, 1997
(To Offering Circular dated June 24, 1997)
FANNIE MAE
Medium-Term Notes,
Series B
This Pricing Supplement relates to the issue of Medium-Term Notes, Series B described
below (the "Notes") and should be read in conjunction with the Offering Circular dated June 24,
1997 (the "Offering Circular") relating to the Medium-Term Notes, Series B of the Federal
National Mortgage Association (the "Corporation" or "Fannie Mae"). Unless otherwise defined
herein, capitalized terms used herein have the meanings given to them in the Offering Circular.
THE NOTES, TOGETHER WITH INTEREST THEREON, ARE NOT
GUARANTEED BY THE UNITED STATES AND DO NOT CONSTITUTE A DEBT OR
OBLIGATION OF THE UNITED STATES OR OF ANY AGENCY OR
INSTRUMENTALITY THEREOF OTHER THAN THE CORPORATION.
CUSIP Number: 31364FDC2
Certain Securities Terms
1. Principal Amount: $350,000,000.00
2. Issue Date (expected Settlement Date): October 8, 1997
3. Maturity Date: October 8, 2027
a. Amount Payable on the Maturity Date: 100% of principal amount
4. Subject to Redemption Prior to Maturity Date
X No
Yes; in whole or in part, at the option of the Corporation, at any time (and from
time to time) on or after at a redemption price of 100% of the
principal amount redeemed, plus accrued interest thereon to the date of redemption
5. Interest Category: Fixed Rate Notes
6. Interest
a. Frequency of Interest Payments
X Semiannually
Other:
b. Interest Payment Dates: 8th day of each April and October


c. First Interest Payment Date: April 8, 1998
d. Interest rate per annum: 6.03%
Additional Information Relating to the Notes
Eligibility for Stripping on Original Issue Date
No
X Yes
Minimum Principal Amount $20,000,000.00
Offering
1. Pricing Date: October 2, 1997
2. Method of Distribution: X Principal Non-Underwritten
3. Dealer: Underwriting Commitment
Merrill Lynch Government Securities, Inc......................... $350,000,000.00
a. If Multiple Dealers, Representative(s): N/A
4. Offering Price:
X Fixed Offering Price: 92.729%, plus accrued interest, if any, from October 8, 1997
Variable Price Offering
5. If Fixed Offering Price, discount to Dealer: .55% of Principal Amount
6. Price to Dealer: 92.179% of Principal Amount
7. Proceeds to Corporation: $322,626,500.00
8. Concession: .35% and reallowance: .25%
United States Taxation
In the opinion of Arnold & Porter, special tax counsel to the Corporation, the following
paragraph, when read in conjunction with the discussion under "United States Taxation" in the
Offering Circular, correctly describes the principal aspects of the current United States federal
tax treatment of investors who purchase the Notes described in the Offering Circular. The
discussion does not purport to deal with all tax consequences applicable to all categories of
investors, some of which may be subject to special rules.


Recent Tax Legislation
The Taxpayer Relief Act of 1997 modified the federal income taxation of capital gains.
The maximum tax rate on capital gains received by individuals from the sale or disposition of
investments (other than collectibles) held for more than 18 months is 20 percent. If an individual
holds an investment for more than one year, but not for more than 18 months, the maximum rate
is 28 percent. Finally, the top capital gains tax rate for individuals will drop to 18 percent for
assets purchased after January 1, 2000, and held for more than five years. Investors should
consult their own tax advisors for more information or for the capital gains rate applicable to a
specific Note they own.