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SSA

Bankers await EFSF five year mandate as S&P dumps Spain

Senior SSA bankers expect the European Financial Stability Facility (EFSF) to mandate a five year euro benchmark as early as Friday morning for launch and pricing during the following week. Despite S&P downgrading Spain on Thursday, new issue markets remain open and the European Union could follow the EFSF with a deal of its own in fairly short order.

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