Feb 19 (Reuters) - Freddie Mac, the No. 2 U.S. home funding company, said it will sell $3 billion of reference bills on Tuesday.

The company said it will sell $1.5 billion of three-month bills due May 20, 2013, and $1.5 billion six-month bills, due Aug. 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. EST (1445 GMT).

Settlement is Feb. 20.

(Reporting by Pam Niimi, Editing by W Simon) Keywords: FREDDIEMAC BILLS/ANNOUNCEMENT

(e-mail: pam.niimi@thomsonreuters.com)(Reuters Messaging: pam.niimi.reuters.com@reuters.net)(Tel:1-646-223-6330)

COPYRIGHT

Copyright Thomson Reuters 2013. 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.