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SSA

Asfinag beats usual govvie spread with €750m, this year’s only benchmark

Asfinag’s first — and probably only — benchmark bond issue of the year on Wednesday added to a string of strong deals in the euro market this week. The Austrian motorway financing agency built a book nearly three times the €750m on offer and priced it inside guidance, at a tighter spread over Austrian government paper than its last few deals.

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