Freddie Mac plans to sell $1.0 billion of three-month bills due Sept. 3, 2013
Freddie Mac, the No. 2 U.S. home funding
company, said it will sell $2.0 billion of reference bills on
Monday.
Freddie Mac said it plans to sell $1.0 billion of three-month bills due Sept. 3, 2013 and $1.0 billion six-month bills, due Dec. 2, 2013.
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.
Freddie Mac said it plans to sell $1.0 billion of three-month bills due Sept. 3, 2013 and $1.0 billion six-month bills, due Dec. 2, 2013.
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.
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