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FIGSenior Debt

JP Morgan stormer highlights scale of sterling appetite

JP Morgan and Dexia Crédit Local were able to take advantage of pent-up demand for sterling paper with this week, with both issuers’ drawing good demand for senior deals in the currency. A slow start to the year in the currency and a hunt for yield are likely to benefit sterling trades in the coming weeks, according to syndicate bankers.

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