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Freddie Mac to sell $3 billion bills on Monday
Fri, 28th Aug 2009 15:54
NEW YORK, Aug 28 (Reuters) - Freddie Mac said Friday it plans to sell $3 billion of reference bills on Monday, Aug. 31.
The scheduled offerings include $1 billion of one-month bills due Sept. 28, 2009, $1 billion of three-month bills due Nov. 30, 2009, and $1 billion of six-month bills due March 1, 2010.
Settlement is Tuesday, Sept. 1.
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. EST (1200 GMT) until 9:45 a.m. (1345 GMT). Keywords: FREDDIEMAC BILLS/ANNOUCEMENT
(U.S. Financial Markets Desk; +1-646-223-6300)
COPYRIGHT
Copyright Thomson Reuters 2009. 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 $1 billion of one-month bills due Sept. 28, 2009, $1 billion of three-month bills due Nov. 30, 2009, and $1 billion of six-month bills due March 1, 2010.
Settlement is Tuesday, Sept. 1.
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. EST (1200 GMT) until 9:45 a.m. (1345 GMT). Keywords: FREDDIEMAC BILLS/ANNOUCEMENT
(U.S. Financial Markets Desk; +1-646-223-6300)
COPYRIGHT
Copyright Thomson Reuters 2009. 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.
