October 22, 2008 / 1:57 PM / 11 years ago

Fannie Mae sells $2 bln bills at mixed interest rates

NEW YORK, Oct 22 (Reuters) - Fannie Mae FNM.N FNM.P on Wednesday sold $1 billion in bills at mixed interest rates compared with sales of the same maturities a week ago.

Fannie Mae said it sold $1 billion of three-month benchmark bills due Jan. 21, 2009 at a stop-out rate, or lowest accepted rate, of 2.200 percent and $1 billion of six-month bills due April 22, 2009 at a 2.930 percent stop-out rate.

The three-month bills were priced at 99.444 and have a money market yield of 2.212 percent, and the six-month bills were priced at 98.519 and have a money market yield of 2.974 percent, according to Fannie Mae.

On Oct. 15, Fannie Mae sold $2 billion of three-month bills at a 2.150 percent stop-out rate and $1 billion of six-month bills at a 2.990 percent stop-out rate.

Settlement for the new bills is Oct. 22-23. (Reporting by Caryn Trokie; Editing by Jonathan Oatis)

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