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Czech Republic shines

The Czech Republic has issued its largest ever transaction in euros — a Eu2bn long 10 year priced at mid-swaps plus 105bp, well inside original guidance of 115bp-120bp — and this against a background of widening spreads for the likes of Portugal, Ireland and Greece. A Eu5.3bn book testifies to the popularity of the transaction. Read EuroWeek on Friday for news and views on the success of the Czech trade.

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