NEW YORK, Sept 20 (Reuters) - Freddie Mac said Friday it plans to sell $4 billion of reference bills on Monday, Sept. 20.
The scheduled offerings include $2 billion of three-month bills due Dec. 20, 2010, and $2 billion of six-month bills due March 21, 2011.
Settlement is Sept. 21.
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) Keywords: FREDDIEMAC BILLS/ANNOUNCEMENT (pam.niimi@thomsonreuters.com; Tel: +1 646 223 6321; Reuters Messaging: pam.niimi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The scheduled offerings include $2 billion of three-month bills due Dec. 20, 2010, and $2 billion of six-month bills due March 21, 2011.
Settlement is Sept. 21.
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) Keywords: FREDDIEMAC BILLS/ANNOUNCEMENT (pam.niimi@thomsonreuters.com; Tel: +1 646 223 6321; Reuters Messaging: pam.niimi.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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