Aug 20 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $3 bill
ion bills on Monday, Aug. 20.
The sale will include $1.5 billion three-month bills due Nov. 19, 2012, and $1.5 billion six-month bills due Feb. 19, 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.
Bids will be accepted from authorized dealers until 9:45 a.m. EDT (1345 GMT).
Settlement is Tuesday, Aug. 21.
(Reporting by Pam Niimi) Keywords: FREDDIEMAC BILLS/ANNOUNCEMENT
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