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June 17 (Reuters) – Freddie Mac, the No. 2 U.S.
home funding company, said it will sell $3.5 billion of
reference bills on Monday.
Freddie Mac said it plans to sell $500 million of one-month
bills due July 15, 2013, $1.5 billion of three-month bills due
Sept. 16, 2013 and $1.5 billion six-month bills, due Dec 16,
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 June 18.
