Freddie Mac to sell $2 billion bills on Oct 1

Oct 1 (Reuters) - Freddie Mac , the No. 2 U.S. home funding company, said it will sell $2 billion reference bills on Monday, Oct. 1.

The sale will include $1 billion three-month bills due Dec. 31, 2012, and $1 billion six-month bills due April 1, 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. EDT (1345 GMT).

Settlement is Oct 2.

(Reporting by Pam Niimi Editing by W Simon)

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