Freddie Mac says to sell $2 bln bills on Tuesday

Oct 9 (Reuters) - Freddie Mac , the No. 2 U.S. home funding company, said it will sell $2 billion bills on Tuesday.

The sale will include $1 billion three-month bills due Jan. 7, 2013, and $1 billion six-month bills due April 8, 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. 10. (Reporting by Pam Niimi)

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