November 19, 2010 / 3:46 PM / in 7 years

Freddie Mac to sell $3.5 bln in bills on Monday

 NEW YORK, Nov 19 (Reuters) - Freddie Mac FMCC.OB said
Friday it plans to sell $3.5 billion of reference bills on
Monday.
 The scheduled offerings are:
 -- $500 million of one-month bills due Dec. 20, 201 to be
sold Monday and settle Tuesday;
 -- $2.0 billion of three-month bills due Feb. 22, 2011 to
be sold Monday and settle Tuesday; and
 -- $1.0 billion of six-month bills due May 23, 2011 to be
sold Monday and settle Tuesday.
 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. until 9:45 a.m.
 Settlement is Nov. 23.
 (Reporting by Caryn Trokie; Editing by James Dalgleish)


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