Network Rail profits from UK provenance in anti-euro backdrop

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Network Rail profits from UK provenance in anti-euro backdrop

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The benefits of not being part of the euro were glaringly apparent in the response to Network Rail’s three year dollar bond launched on Wednesday morning. Led by Barclays, Deutsche Bank, Goldman Sachs and JPMorgan, the deal was heading for a record book size for the borrower of $2.7bn by early afternoon.

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