North Rhine-Westphalia appoints Bundesbank

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GERMANY - The €2.4bn (US$3bn) North Rhine-Westphalia mandatory buffer fund for civil servant pension provision (Versorgungsrücklage) has awarded around €800m to Deutsche Bundesbank this month, MandateWire reports.

It has also decided to keep €770m in time deposits with WestLB for the moment - but said it will need to make a decision about whether to continue with this investment next year. A third asset p...

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