Finland Risks Funding Shortfall as Cash Buffers Depleted
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Finland’s planned bond sales may not be enough to plug its budget hole this year.
A cash reserve from bond sales that’s allowed Finland to borrow less for the past three years is about to run out. At the same time, the Treasury’s latest issuance estimate doesn’t take into account a 70 percent slump in the ruble from September through a low last month -- a development that has pummeled exports in the euro nation most dependent on trade with Russia.