NEW YORK, June 7 Fannie Mae FNM.N FNM.P ,
the largest U.S. home funding company, said on Monday it plans
to sell $2.0 billion of three-month benchmark bills due Sept.
8, 2010, and $1.0 billion of six-month bills due Dec. 8 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 June 9-10.
(Reporting by Caryn Trokie, Editing by Chizu Nomiyama)