Freddie Mac to sell $2.25 bln in bills on Monday
Oct 28 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2.25 billion of reference bills on Monday.
Freddie Mac said it plans to sell $250 million of one-month bills due Nov. 25, 2013, $1 billion of three-month bills due Jan. 27, 2014, and $1 billion of six-month bills due April 28, 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. 29.
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