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FADE adds its name to peripheral comeback

Spain's Electricity Deficit Amortisation Fund (FADE) priced a five year benchmark on Monday, a week after compatriot agency Instituto de Crédito Oficial (Ico) reopened the syndicated market for peripheral borrowers after inconclusive Italian elections. The Irish sovereign is also thought to be mulling an assault on bond markets — a 10 year could come as soon as this week.

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