Freddie Mac to sell $2 billion of bills on Monday


Sept 30 |
Mon Sep 30, 2013 8:35am EDT

Sept 30 (Reuters) – Freddie Mac, the No. 2 U.S.
home funding company, said it will sell $2 billion of reference
bills on Monday.

Freddie Mac said it plans to sell $1 billion of three-month
bills due Dec. 30, 2013, and $1 billion of six-month bills due
March 31, 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. 1.


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