Bulgaria leads pre-July 4 rush

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Bulgaria leads pre-July 4 rush

There was a rush of bonds into the market early this week, ahead of the US Independence Day holiday. Bulgaria sold a successful €950m five year note on Monday via BNP Paribas, HSBC and Raiffeisen Bank while Kazakhstan Temir Zholy printed only the second ever 30 year bond by a CIS borrower, raising $800m to finance new rolling stock.

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