Fannie Mae to sell $2 bln in notes on Wednesday

NEW YORK, March 28 (Reuters) – Fannie Mae (FNMA.OB: Quote, Profile, Research), the
largest U.S. home funding company, said on Monday it plans to
sell $1.0 billion of three-month benchmark bills due June 29,
2011, and $1.0 billion of six-month bills due Sept. 28, 2011,
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 March 30-31.
(Reporting by Caryn Trokie)

Fannie Mae to sell $2 bln in notes on Wednesday