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The German State of North.........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: The German State of North Rhine-Westphalia (Land NRW), rated
Aa1/AA-/AAA (all stable), has mandated CITI, COMMERZBANK, HSBC and J.P. MORGAN
to lead manage its upcoming fixed rate EUR LSA transaction due Feb. 16, 2043, a
source close to the deal told MNI. The issue is expected to be launched in the
near future, subject to market conditions, source added.

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