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Tight spreads and strong order books for Italian Golden Bar and Portuguese Totta trades
◆ Debut deal follows similar private placement ◆ New deal prices tighter than the PP sold three months earlier ◆ 'Good timing' for debut offerings
Deal is backed by a €500m portfolio
◆ Orders swell despite lack of new issue premium ◆ 'Severe shortage' of deals ◆ Nationwide 'optimises' its tier two capital
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