Freddie Mac to sell $2 bln in bills on Monday - News

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Freddie Mac to sell $2 bln in bills on Monday

By: AFX | 06 Nov 2009 | 10:44 AM ET

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NEW YORK, Nov 6 (Reuters) - Freddie Mac said Friday it plans to sell $2.0 billion of reference bills on Monday. The scheduled offerings are: -- $1.0 billion of three-month bills due Feb. 8, 2010 to be sold Monday and settle Tuesday; and -- $1.0 billion of six-month bills due May 10, 2010 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. (1300 GMT) until 9:45 a.m. (Reporting by Caryn Trokie; Editing by James Dalgleish) Keywords: FREDDIEMAC BILLS/ANNOUNCEMENT (caryn.trokie@thomsonreuters.com; Tel: +1 646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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