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The result of the auction of 1 October 2024 for the 3-months Bills of the ESM was as follows:
Total Bids € 2,453.00 mn
Competitive bids € 887.00 mn
Non-competitive bids € 1,566.00 mn
Allotment / Issue volume € 1,087.48 mn

The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 30 September 2024
Bidding period: Tuesday, 1 October 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 3 October 2024

"Profit v planet: working with CFOs on the way to net zero"

The European Stability Mechanism (ESM) raised €2 billion with a new 3-year bond on Monday, for the first time completing its 2024 long-term funding programme before the fourth quarter.

The 2.375% 30 September 2027 maturity bond achieved an order book in excess of €6.6 billion, including €400 million joint-lead manager interest. The spread was fixed at mid-swaps plus 8 basis points, for a re-offer yield of 2.392%.

(Luxembourg) - The European Stability Mechanism (ESM) raised €2 billion with a new 3-year bond on Monday, for the first time completing its 2024 long-term funding programme before the fourth quarter.

The 2.375% 30 September 2027 maturity bond achieved an order book in excess of €6.6 billion, including €400 million joint-lead manager interest. The spread was fixed at mid-swaps plus 8 basis points, for a re-offer yield of 2.392%.