TfL, Network Rail in train to take duration

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TfL, Network Rail in train to take duration

A pair of issuers got tightly priced deals away in sterling this week. Network Rail sold a rare 10 year at a level that leads claimed was inside its curve, while Transport for London sold a £350m 20 year, to be used for pre-funding, at its tightest spread to Gilts since it returned to benchmark issuance last year.

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