Nov 9 (Reuters) - Fannie Mae, the largest U.S. home funding source, said on Friday it plans to sell $3 billion of benchmark bills on Wednesday.
The sale includes $1.5 billion of three-month bills due Feb. 13, 2013, and $1.5 billion of six-month bills due May 15, 2013.
The sale will be in the form of 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 a.m. (1400 GMT) until 9:45 a.m. (1445 GMT).
Settlement is Nov. 14-15.