EFSF to crown 2014 with 10 year tap

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EFSF to crown 2014 with 10 year tap

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The European Financial Stability Facility has mandated three banks to run a long-dated tap that will complete its 2014 funding programme. It is likely to knock a double digit figure off its tightest spread to swaps on a 10 year so far, said bankers off the mandate.

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