The UK Debt Management Office has announced it will on July 29 auction 2.5 billion pounds of Tresury gilts maturing in 2018.

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SIV the 4.4bn Euro troubled structured investment vehicle previously managed by London based-hedge fund Cheyne Capital Management is preparing to auction assets as part of a restructuring, which strategists say will give the market new guidance on the pricing of structured credit and an indication of the size of further writedowns at banks.

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Freddie Mac attracted more intrest on Monday for an auction of $3 billion in short-term securities than it had nearly all year, a day after the US government provided support for the mortgage giant.

Shares of Freddie Mac fell 64 cents, or 8.3 percent, to close at $7.11 in Monday.

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NeoSaej, a leader in online auction marketplaces and developer of MoneyAisle.com, the first and only Web site where banks competitively bid for customers through live secure auctions, today announced a strategic alliance with the Michigan Bankers Association (MBA). The alliance is expected to increase the number of banks in MoneyAisle’s growing network and benefit consumers shopping for the best rates on certificates of deposits and high-yield savings accounts.

“MoneyAisle is one of the first major banking innovations we have seen in a long time. From the moment I saw MoneyAisle’s capabilities I knew this was a tool that our banks needed to immediately hear about,” said Larry Sauter, President and CEO of the MBA Service Corporation. “With today’s challenging economy, both banks and customers need tools to help get a leg up and make the most of investments.”

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The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 1.900 percent, up from 1.855 percent last week. An additional $22 billion in six-month bills was auctioned at a discount rate of 2.135 percent, down from 2.255 percent last week.

The three-month rate was the highest since three-month bills averaged 2.050 percent June 16. The six-month rate was the lowest since these bills averaged 2.050 percent June 9.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,951.97 while a six-month bill sold for $9,891.47. That would equal an annualized rate of 1.936 percent for the three-month bills and 2.188 percent for the six-month bills.

Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, fell to 2.46 percent last week from 2.57 percent the previous week.

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Egypt has cancelled the auction of state owned Banque du Caire, saying bids did not meet the reserve price.

“The auction did not reach the price set by the evaluating commiteee,” Banque du Caire chairman Mohamed Barakat told a news conference.

“The intention to sell the bank is still there but no timing has been decided,” he added.

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The Colombian government will auction rights to seek oil in more than 100 blocks on Oct. 24, the chief of the oil licensing agency, known as ANH, said in an interview.

The Colombian government will auction about 100 small areas, some of which had been handed over by companies back to the government, Zamora said. Interested companies have until the end of August to apply to be authorized to bid during the auction, he added.

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United Rentals, Inc. has announced that it has commenced a “modified Dutch auction” tender offer in which the company is offering to purchase up to 27,160,000 shares of its common stock at a price not less than $22.00 nor greater than $25.00 per share. The company had previously announced on June 10, 2008 its intent to conduct the tender offer.

The number of shares of common stock sought to be repurchased in the tender offer represents approximately 31% of the total number of shares of common stock outstanding. The low and high ends of the $22.00 to $25.00 per share price range represent a 12.8% and 28.2% premium, respectively, to United Rentals’ closing price of $19.50 on June 9, 2008, the day immediately prior to the company’s announcement of its intent to conduct the tender offer. If the maximum number of shares is purchased at the high end of the price range, the total purchase price for the common stock would be $679 million.

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Trade Receivable Exchange Inc. has been acquired by Restricted Stock Partners for an undisclosed amount, officials said Monday.

Denver-based Trade Receivable Exchange (T-REX) is an online auction platform started in 2007 to provide liquidity for holders of bankruptcy trade claims. It has 650 members.

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Zagat Survey has said it would end its strategic review after five months, and instead stay its “organic growth” course.

In March, The Deal’s Luisa Beltran reported private equity firms had lost their appetite for the New York-based restaurant guide publisher. Zagat pulls in nearly $8 million to $10 million Ebitda, sources said at the time, while it was asking for 20 times Ebitda

The company said Thursday it would instead “ramp up its investment in key initiatives to accelerate the growth of its Internet and mobile products and services, while aggressively extending its licensing partnerships worldwide.”

The company, which started as a hobby by Nina and Tim Zagat nearly 30 years ago, hired Goldman Sachs & Co in January as its financial adviser to help it explore potential partnerships, joint ventures, and a possible sale of the company.

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