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Frank Sixt |
Why did you decide to try to issue when you did?
I didn’t do it in the first half because I had a view on interest rates that suggested they wouldn’t be rising as quickly as people thought. And we were busy on other things. We were completing the financing for Italy, we were involved in the Global Crossing transaction, and were working through the details of our retail acquisition. So it seemed perfectly logical to look at a September issue – not an unconventional time to look at markets.
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