Freddie Mac to sell $4 billion in bills next week

NEW YORK (Reuters) - Freddie Mac (FRE.N) said Friday it plans to sell $4 billion of reference bills next week.

The scheduled offerings are:

-- $2 billion of three-month bills due February 26, 2008, to be sold and settled on Monday, November 26;

-- $1 billion of six-month bills due May 27, 2008, to be sold and settled on Monday; and

-- $1 billion of one-month bills due December 26, 2007, to be sold and settled on Wednesday, November 28.

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 from 8:00 a.m. EST until 9:45 a.m.