UPDATE ‘The plan played out’ as ESM opts for €2bn no-grow

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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UPDATE ‘The plan played out’ as ESM opts for €2bn no-grow

◆ Limited sized deal attracts ‘very good book’ ◆ ESM curve tight, E-supra bonds referenced ◆ €2bn left to do this year

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