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FIG

Senior falls silent as market digests NAB five year

National Australia Bank’s long five year euro deal met a cool reception from market participants on Wednesday afternoon, after closing at a final size of Eu750m, with the spread set at 95bp over mid-swaps. The trade did little to open the market — senior FIG was dormant again on Thursday, with much of Europe having finished the week early because of the Ascension Day holiday.

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