AFD breaks euro size record

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By Burhan Khadbai
25 Jun 2019

Investors poured into Agence Francaise de Developpement (AFD)’s 10 year euro benchmark on Tuesday, allowing the French agency to issue its largest ever trade in the currency.

Following initial price thoughts of low 30bp area over OATs, interpolated between the 0.5% May 2029s and 2.5% May 2030s, leads BarclaysBNP ParibasCrédit AgricoleDeutsche Bank and Goldman Sachs opened the books on Tuesday morning with guidance of plus 32bp area with over €700m of ...

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