Freddie Mac to sell $3 billion bills on Monday

NEW YORK, Aug 13 (BestGrowthStock) – Freddie Mac (FMCC.OB: ) on
Friday said it plans to sell $3 billion of reference bills on
Monday, Aug. 16.

The scheduled offerings include $1.5 billion of three-month
bills due Nov. 15, 2010, and $1.5 billion of six-month bills
due Feb. 14, 2011.

Settlement is Aug 17.

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. (1200 GMT) until 9:45 a.m. (1345 GMT).
(Reporting by Pam Niimi; Editing by James Dalgleish)

Freddie Mac to sell $3 billion bills on Monday