Freddie Mac to sell $3.0 bln in bills on Monday
Oct 7 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $3.0 billion of reference bills on Monday.
Freddie Mac said it plans to sell $1.0 billion of three-month bills due Jan. 6, 2014, $1.0 billion of six-month bills due April 7, 2014 and $1.0 of 12-month bills due Oct. 6, 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 Oct. 8.