EFSF’s five year blows out with €8bn book

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EFSF’s five year blows out with €8bn book

The European Financial Stability Facility (EFSF) was flooded with orders for a five year euro benchmark on Tuesday morning, enabling the issuer to double the size of the deal from the originally intended €3bn to €6bn. Inevitably however, some bankers away from the deal felt the issuer had paid up to get it done.

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