Freddie Mac to sell $2 bln in bills on Monday

NEW YORK, May 21 (BestGrowthStock) – Freddie Mac (FRE.N: ) (FRE.P: )
said Friday it plans to sell $2.0 billion of reference bills on
Monday.

The scheduled offerings are:

— $1.0 billion of three-month bills due Aug. 23, 2010 to
be sold Monday and settle Tuesday; and

— $1.0 billion of six-month bills due Nov. 22, 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 News

(Reporting by Caryn Trokie; Editing by James Dalgleish)

Freddie Mac to sell $2 bln in bills on Monday