NEW YORK, July 23 (Reuters) - Freddie Mac said Friday it plans to sell $5.0 billion of reference bills on Monday.
The scheduled offerings are:
-- $1.0 billion of one-month bills due Aug. 23, 2010 to be sold Monday and settle Tuesday;
-- $2.0 billion of three-month bills due Oct. 25, 2010 to be sold Monday and settle Tuesday; and
-- $2.0 billion of six-month bills due Jan. 24, 2011 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. (1200 GMT) until 9:45 a.m. (1345 GMT)
(Reporting by Caryn Trokie; Editing by Theodore d'Afflisio) Keywords: FREDDIEMAC BILLS (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.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 are:
-- $1.0 billion of one-month bills due Aug. 23, 2010 to be sold Monday and settle Tuesday;
-- $2.0 billion of three-month bills due Oct. 25, 2010 to be sold Monday and settle Tuesday; and
-- $2.0 billion of six-month bills due Jan. 24, 2011 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. (1200 GMT) until 9:45 a.m. (1345 GMT)
(Reporting by Caryn Trokie; Editing by Theodore d'Afflisio) Keywords: FREDDIEMAC BILLS (caryn.trokie@thomsonreuters.com ; + 1 646-223-6318; Reuters Messaging: caryn.trokie.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.