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updated 23:25, Tue September 11, 2007

Fannie Mae to Sell $3 Billion of 3-Year Benchmark Notes With 4.45 Percent Yield

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WASHINGTON (AP) -- Fannie Mae, the nation's top source for home mortgage funding, said Tuesday it's selling $3 billion of three-year benchmark notes.

The yield on the issue is 4.45 percent and the notes mature Sept. 13, 2010.

Barclays Capital Inc., Goldman Sachs & Co. and Morgan Stanley & Co. are the joint lead managers.

Shares of the federally chartered company gained 86 cents, or 1.4 percent, to $63.62 in morning trading.

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