NEW YORK, Aug 29 (Reuters) - Fannie Mae announced it plans to sell $2 billion benchmark bills on Wednesday, Aug. 31, in a Dutch auction.
The sale will include $1 billion of three-month bills due Nov. 30, and $1 billion of six-month bills due Feb. 29, 2012, Fannie said on Friday.
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. (1300 GMT) until 9:45 a.m.
Settlement is Sept. 1-2.
( Reporting by Pam Niimi; Editing by W Simon ) Keywords: FANNIEMAE BILLS/ANNOUNCEMENT
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