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Only one of Canada's big five banks has yet to publicly support new defence bank initiative
◆ Issuer's first benchmark after after active start of year in PPs ◆ Deal attracts big book despite large tightening ◆ Only KfW priced with lower spread to USTs this year
International interest for German paper has grown
ESM priced new €2.5bn 10 year at flat to EIB
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German agency is not done with the dollar funding yet this year after five deals -
Agency prints its largest dollar benchmark this year after a record book
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Investors more assertive this week, said lead manager
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Dollar strength shines through with euro deals lacklustre
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Reluctance to show hands has led to smaller books and higher concessions
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Lessons learned should not be brushed aside as investors show caution
