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Freddie Mac to sell $2 bln bills Sept 17
September 17, 2012 / 12:41 PM / 5 years ago

Freddie Mac to sell $2 bln bills Sept 17

Sept 17 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $2 billion bills on Monday, Sept. 17.

The sale will include $1 billion three-month bills due Dec. 17, 2012, and $1 billion six-month bills due March 18, 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 Sept. 18.

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