WASHINGTON - Fannie Mae settled its last benchmark notes issuance of the year, shed some light on its benchmark debt program for next year, and recapped its long-term benchmark offerings for 2000 on Friday.

The issuance, for $6 billion of 6% five-year benchmark notes, was priced on Wednesday. Fannie will continue to auction weekly benchmark bills through yearend. Like Treasury debt, Fannie benchmark debt is floated according to a set schedule and matures over a variety of terms.

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