Getting your Trinity Audio player ready...
May 28 (Reuters) – Freddie Mac, the No. 2 U.S.
home funding company, said it will sell $2.0 billion of
reference bills on Tuesday.
Freddie Mac said it plans to sell $1.0 billion of
three-month bills due Aug. 26, 2013 and $1.0 billion six-month
bills, due Nov. 25, 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 May 29.
