Federal National Mortgage Association
| Company Deal | 7.40% capital debentures due October 1, 1997 |
|---|---|
| Transaction Type | Capital Debentures |
| Deal Description | Federal National Mortgage Association added the net proceeds from this transaction to its working capital. It was to be used for general corporate purposes, including the purchase of mortgages on residential properties. Such sale would increase the company's capital base for additional borrowings to carry out such general corporate purposes. |