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Banks set ambitious 2011 targets

Water treatment firm Nalco launched a $1bn high yield offer on Wednesday into the European market which is still open for business in the run up to the end of the year. It follows ConvaTec Healthcare, which set out earlier this week to raise $1.87bn in euros and dollars to refinance debt. These deals come as high yield bankers voice confidence for 2011 with Barclays estimating issuance in Europe will reach Eu50bn next year. Friday's EuroWeek takes a closer look at how the market is shaping up.

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