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KfW hits €5bn in fives

KfW became the second issuer to take advantage of the liquidity on offer in the belly of the euro curve this week, raising €5bn a day after the European Stability Mechanism pulled in nearly €21bn of orders to its debut benchmark. More borrowers are set to follow as issuers look to take advantage of buoyant conditions despite the looming deadline over the US debt ceiling negotiations.

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