Freddie Mac to sell $4 billion bills on Monday

NEW YORK, Sept 10 (BestGrowthStock) – Freddie Mac (FMCC.OB: ) said
Friday it plans to sell $4 billion of reference bills on
Monday, Sept. 13.

The scheduled offerings include $2 billion of three-month
bills due Dec. 13, 2010 and $2 billion of six-month bills due
March 14, 2011.

Settlement is Sept. 14.

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.
(Reporting by Pam Niimi; Editing by James Dalgleish)

Freddie Mac to sell $4 billion bills on Monday