…and dominates bond market through ERAP’s Eu4bn five year debut offering

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…and dominates bond market through ERAP’s Eu4bn five year debut offering

March 28, 2003 12:00 am

ERAP, the entity through which the French government is helping to recapitalise France Télécom, will today (Friday) price its inaugural Eu4bn five year benchmark at 8bp over OATs. The deal will provide a platform from which to launch the remaining Eu5bn required to fund the state’s loan to the French telco.

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