Freddie Mac to sell $3 bln in bills on Monday

Fri Apr 8, 2011 10:37am EDT

Related Topics

 NEW YORK, April 8 (Reuters) - Freddie Mac (FMCC.OB) said
Friday it plans to sell $3.0 billion of reference bills on
Monday.
 The scheduled offerings are:
 -- $1.0 billion of one-month bills due May 9, 2011 to be
sold Monday and settle Tuesday;
 -- $1.0 billion of three-month bills due July 11, 2011 to
be sold Monday and settle Tuesday; and
 -- $1.0 billion of six-month bills due Oct. 11, 2011 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. until 9:45 a.m.
 (Reporting by Caryn Trokie; Editing by James Dalgleish)


FILED UNDER: