Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Federal National Mortgage Association Deal - Lehman Brothers Collection

Federal National Mortgage Association

Company Deal7.40% capital debentures due October 1, 1997
Transaction TypeCapital Debentures
Deal DescriptionFederal 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.
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