Feb 25 Freddie Mac, the No. 2 U.S.
home funding company, said it will sell $3.5 billion reference
bills on Monday.
The sale consists of $500 million one-month bills due March
25, 2013, $1.5 billion of three-month bills due May 28, 2013,
and $1.5 billion of six-month bills due Aug. 26, 2013.
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.
EST (1445 GMT).
Settlement is Feb. 26.