Double digit spread to France helps EFSF to “phenomenal” €8bn bond
Demand for a five year benchmark from the European Financial Stability Facility on Tuesday exceeded expectations, allowing the borrower to print its biggest ever syndication and at a small concession to secondaries. The European bailout borrower was joined in euros by the Republic of Finland, which was set to price an oversubscribed €4bn 10 year as SSA Markets went to press.
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