Freddie Mac to sell $2 bln in bills on Monday
Oct 22 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2.0 billion reference bills on Monday.
The sale consists of $1 billion of three-month bills due Jan. 22, 2013 and $1 billion of six-month bills due April 22, 2013.
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. 23.