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BKW FMB shines light on long end demand

Swiss energy company BKW FMB Energie printed a dual-tranche eight year/20 year deal on Tuesday, with the 20 year tranche picking up Sfr300m. Few issuers can get senior unsecured debt at this kind of maturity, and in this kind of size — the last unsecured Sfr300m 20 year was Eurofima, in 2006. Low yields are pushing investors into longer maturities, but can the long end bid continue? Read EuroWeek on Friday to find out.

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