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Fannie Mae To Raise $4B Via Bill Sale

Home funding company Fannie Mae is seeking to raise $4 billion through a two-part offering of bills.

    Home funding companyFannie Maeis seeking to raise $4 billion through a two-part offering of bills,Reutersreports. The $2 billion bills to be sold in the first tranche will mature on Sept. 28, 2011.

    Another $2 billion bills to be sold in the second tranche will mature on Dec. 28, 2011. The bills will be sold in a Dutch auction on June 29.

    Click here for the story fromReuters.

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