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Investors seek structured and vanilla FRNs from credit and SSA issuers amid sharp rate fluctuations
Higher dollar yields dampen some of the callable demand
Hong Kong dollars continue to develop into a mainstream funding currency for SSAs
Ex-Crédit Agricole banker to be based in Paris
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The European extendable FRN market grew again this week as a new issuer and a new dealer made their debuts. Anglo Irish Bank sold a Eu175m issue via Barclays Capital, the first issue for both in this format.