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30-year DDA preliminary initial spread guidance

DUTCH AUCTION PREVIEW
  • The Netherlands has announced that the preliminary initial spread guidance for the 2.00% Jan-54 DSL (ISIN: NL00150012X2) re-opening via DDA will be the 2.50% Aug-54 Bund (ISIN: DE000BU2D004) +17.5 to +21.5bps.
  • On offer will be E4-5bln (we expect the top of the target range to be sold).

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