Freddie Mac to sell $2 billion in bills on Tuesday
Sept 3 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2 billion of reference bills on Tuesday.
Freddie Mac said it plans to sell $1 billion of three-month bills due Dec. 2, 2013, and $1 billion of six-month bills due March 3, 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 Sept. 4
- Comedian Joan Rivers 'resting comfortably' at hospital |
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- No criminal charges in fatal gun range shooting by nine-year-old girl
- IBM launches Watson system for research, hopes for breakthroughs
- Chinese interceptions of U.S. military planes could intensify due to submarine base