NEW YORK, Aug 10 (Reuters) - Fannie Mae, the largest U.S. home funding company, said on Monday it plans to sell $1.5 billion of three-month benchmark bills due Nov. 12, 2009, and $1.5 billion of six-month bills due Feb. 10, 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 Aug. 12-13.
(Reporting by Caryn Trokie; editing by Jeffrey Benkoe) Keywords: FANNIEMAE BILLS/ANNOUCEMENT
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuter
