Fannie Mae to sell $3 bln in bills on Wednesday - News

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Fannie Mae to sell $3 bln in bills on Wednesday

By: AFX | 02 Nov 2009 | 12:03 PM ET

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NEW YORK, Nov 2 (Reuters) - Fannie Mae, the largest U.S. home funding company, said on Monday it plans to sell $2.0 billion of three-month benchmark bills due Feb. 3, 2010, and $1.0 billion of six-month bills due May 5, 2010 on Wednesday in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction. Bids will be accepted from authorized dealers from 9:00 a.m. until 9:45 a.m. Settlement is Nov. 4-5. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama) Keywords: FANNIEMAE BILLS/ANNOUCEMENT (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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