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Fannie Mae Raises $4B

Fannie Mae has completed the sale of benchmark bills worth $4 billion.

Fannie Mae has completed the sale of benchmark bills worth $4 billion, Reuters reports. The U.S. home funding source sold $2 billion of three-month bills, which were due in Oct. 12, 2011 and the remaining $2 billion six-month bills, which will mature on Jan. 11, 2012.

The three-month bills were priced at 99.992 with a money market yield of 0.030%. The six-month bills were priced at 99.951 with a money market yield of 0.096%.

Click here for the story from Reuters.

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