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GMAC to sell $1.25 billion of 10-year notes

NEW YORK, Nov 17 (Reuters) - General Motors Acceptance Corp., a unit of General Motors Corp. , plans to sell $1.25 billion of 10-year notes on Wednesday, a joint lead manager for the deal said.

The deal will be led by Banc of America Securities, J.P. Morgan, Merrill Lynch, and Morgan Stanley.