Reuters logo
Freddie Mac to sell $2 billion in bills on Tuesday
September 3, 2013 / 12:46 PM / in 4 years

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below