Finnish cap causes sterling allocation headache
Finland brought its own twist on what makes for a blowout deal in the rampant sterling market this week as it printed a £500m floating rate note despite lead managers believing that a deal of twice that size was possible. That trade followed a total of £500m printed earlier in the week between Caisse des Dépôts et Consignations (CDC), Export Development Canada (EDC), and SEK.
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