Freddie Mac to sell $2.5 bln of bills next week

NEW YORK, May 14 (BestGrowthStock) – Freddie Mac (FRE.N: ) said
Friday it plans to sell $2.5 billion of reference bills on
Monday.

The scheduled offerings are:

— $500 million of one-month bills due June 14, 2010 to be
sold Monday and settle Tuesday; and

— $1.0 billion of three-month bills due Aug. 16, 2010 to
be sold Monday and settle Tuesday; and

— $1.0 billion of six-month bills due Nov. 15, 2010 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. until 9:45 a.m.

Stock Market Money

(Reporting by Caryn Trokie, Editing by Chizu Nomiyama)

Freddie Mac to sell $2.5 bln of bills next week