Freddie Mac to sell $2.25 bln in bills on Monday


Mon Oct 28, 2013 8:41am EDT

Oct 28 (Reuters) – Freddie Mac, the No. 2 U.S.
home funding company, said it will sell $2.25 billion of
reference bills on Monday.

Freddie Mac said it plans to sell $250 million of one-month
bills due Nov. 25, 2013, $1 billion of three-month bills due
Jan. 27, 2014, and $1 billion of six-month bills due April 28,
2014.

The bills will be sold over the Internet 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 until 9:45
a.m. EDT (1345 GMT).

Settlement is Oct. 29.


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