Fannie Mae, the nation’s largest home funding company, said today it plans to sell $1 billion of three-month benchmark bills due March 16, and $1 billion of six-month bills due June 15, 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. until 9:45 a.m.

Settlement is Dec. 15-16.