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◆ Deal much more popular than issuer’s last ◆ Better tone, improved backdrop ◆ Extra 3bp ‘made a big difference’
EU’s second half funding announcement imminent, downside risk highlighted
Market in 'a process to find the new and appropriate levels', observes issuer
◆ Speculative interest anticipated ◆ Geopolitical tensions make little dent ◆ 15 year sweet spot for Dutch pension funds
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IADB taps sterling while two other issuers mandate for new issues
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French agency hopes benchmark deal in October will reprice its curve
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French agency has sterling, Swissie and dollar FRN left to do this year
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‘Exceptional trade’ saw issuer raise $2.7bn with investors placing 110 orders
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Issuer discusses options for rest of 2024 funding