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◆ 'More defensive' five year tenor works well ◆ Record non-German demand, central banks show hands ◆ Länder-KfW spread 'at a good place'
◆ Austrian agency benefits from rarity ◆ Two five year deals go head to head ◆ Tighter spreads by all metrics
Supranational has raised $14bn less than two months into new fiscal year but much more is to come, including deals from IDA
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