EIB argues CMS flatline is not life-threatening
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EIB argues CMS flatline is not life-threatening

Constant maturity swap-linked MTNs were the big thrill of 2005 — and the big flop of 2006. Where does that leave one of the product's biggest issuers, the European Investment Bank? Jean-Erik de Zagon, head of the EIB's euro MTN business, explains to Henry Williams that all is not as bad as it seems — either for investors or the EIB.

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