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French issuer postpones deal as compatriots set to face wider spreads
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Some bankers were surprised, others not, but all expect a reduced EU funding programme for 2024's second half
For those hoping that the EU, with its swollen borrowing programme since the pandemic, could become a common European safe asset, the wait may take a little longer as the issuer works to establish itself as a sovereign-like entity and the bloc struggles to make progress on Capital Markets Union. Addison Gong reports
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