EAA all set for MTN debut
Erste Abwicklungsanstalt, WestLB’s bad bank, has signed and approved its EMTN programme, and is ready to make its first trades in the private placement market. Dealers are looking forward to a flurry of activity, expecting investors to jump at the chance of buying state guaranteed paper at attractive levels. But with several other large new agencies already in the market, could EAA’s entrance push spreads wider? Read EuroWeek on Friday to find out.
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