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Sovereigns

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‘Amazing’ reception for long dated syndications but issuers explore different options amid persistant duration risk
German bond house adds to growing roster of primary dealerships
◆ AFT's Antoine Deruennes says 'clear message' showed demand for 30 year ◆ Speedy execution before US employment data ◆ Green OAT syndication next
◆15 year a ‘good entry point to the long-end’, says sovereign ◆ Fear of missing out from both old and new investors ◆ Why Italy ran no co-lead pot this time
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  • CEE
    The Republic of Turkey is planning to use yen to round off its funding for the year, and has named three leads to arrange the deal.
  • The Dutch State Treasury Agency's primary dealer quotation obligations gave Bank of America Merrill Lynch trader Paul Walter the chance to pick off his counterparts on the ‘BrokerTec’ platform — behaviour for which he was fined by the UK's Financial Conduct Authority on Wednesday.
  • SSA
    As a pair of French borrowers — Unédic and Bpifrance — had the market almost to themselves this week, GlobalCapital looks at how French borrowers have fared on BondMarker so far this year.
  • Increased UK borrowing needs could take the shine off an opportunity for SSA borrowers to take advantage of a potential drop in issuance by the European Investment Bank as the UK leaves the European Union, said bankers.
  • A former Bank of America Merrill Lynch trader has been fined £60,090 for manipulating the price of Dutch government bonds on the electronic platform BrokerTec — though the profit made on the trading was 'insignificant'.
  • Lebanon's sovereign Eurobonds recovered some 60bp–120bp during the week ending Thursday, including a 25bp tightening on Wednesday morning, after prime minister Saad al-Hariri returned to the country in an apparent reversal of his recent resignation.