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TransUnion
11/23/2009 •
News & Analysis > Debt Purchasing

Fannie Mae to Sell $5 Billion in Bills Wednesday

February 19, 2007
 
February 19, 2007
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According to Reuters, Fannie Mae, the largest U.S. home funding company, plans to sell $3.0 billion of three-month benchmark bills due May 23, 2007, and $2.0 billion of six-month bills due Aug. 22, 2007, 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. (1400 GMT), until 9:45 a.m. (1445 GMT).

Settlement is Feb. 21-22.

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