Rare European sovereign issues as market watches for tightening

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By Lewis McLellan
06 Nov 2019

Luxembourg is issuing a euro benchmark bond on Wednesday, for the first time for almost three years, setting out to raise €1.7bn with a zero coupon seven year bond. Other issuers are waiting to pounce if the European Central Bank's quantitative easing resumption creates the right conditions.

The euro market is still soaking up deals ahead of the winter break, with bonds from KfW and Luxembourg this week. "Dollars has been a tough sell for euro-based borrowers this year, so we've seen plenty of euro issuance, but the market certainly seems deep enough to cope,"  ...

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