Duration deluge as EU, Austria and Finland print

28 Jun 2012

A clutch of European SSA names proved this week that the prospect of yet another do-or-die summit of EU leaders is no obstacle to issuing long dated debt. The European Union, Austria and Finland all took the opportunity to lock in ultra-low yields for big transactions on Tuesday, with Finland even wrapping up its longest ever bond.

The rush of activity meant that the day was one of the busiest of the year so far, with no less than €11.7bn-equivalent printed in dollars and euros (see front page of Public Sector Borrowers section for coverage of dollar issuance). "It was a bit of a surprise ...

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