Freddie Mac to sell $2.5 bln bills on Monday

NEW YORK, Nov 12 (Reuters) - Freddie Mac said Friday it plans to sell $2.5 billion of reference bills on Monday. The scheduled offerings are: -- $1.5 billion of three-month bills due Feb. 14, 2011 to be sold Monday and settle Tuesday; and -- $1.0 billion of six-month bills due May 16, 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. (1300 GMT) until 9:45 a.m.(1445 GMT) (Reporting by Caryn Trokie; Editing by Theodore d'Afflisio) Keywords: FREDDIEMAC BILLS ( ; + 1 646-223-6318; Reuters Messaging: COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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