Freddie Mac to sell $3 bln in bills on Monday

NEW YORK, Nov 13 (Reuters) - Freddie Mac FRE.N said
Friday it plans to sell $3.0 billion of reference bills on
Monday.

The scheduled offerings are:

-- $2.0 billion of three-month bills due Feb. 16, 2010 to
be sold Monday and settle Tuesday; and

-- $1.0 billion of six-month bills due May 17, 2010 to be
sold Monday and settle Tuesday.

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 from 8:00
a.m. (1300 GMT) until 9:45 a.m.
(Reporting by Caryn Trokie; Editing by James Dalgleish)