Freddie Mac to sell $2 billion in bills on Tuesday

Sept 3 Tue Sep 3, 2013 8:46am EDT

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

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