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The result of the auction of 2 July 2024 for the 3-months Bills of the ESM was as follows:
Total Bids: € 2,315.00 mn
Competitive bids € 771.00 mn
Non-competitive bids € 1,544.00 mn
Allotment / Issue volume € 1,090.96 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, 1 July 2024
Bidding period: Tuesday, 2 July 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 4 July 2024

We are happy to announce that the ESM has published the 2023 ESG Summary Report. In this second edition, the report includes the ESG scores for both the ESM and EFSF balance sheets, as well as a historical perspective for our loans' ESG scores. Furthermore, the ESM has begun integrating climate risk considerations into its risk management framework, as well as incorporating climate-related risks in the ESM's monitoring framework.

In response to climate change risks, the European Union (EU) Member States plan for climate neutrality by 2050, in line with a commitment to global climate action under the Paris Agreement. [1] To reach that goal, the EU turned the carbon neutrality plan into binding European law through legislation and policies.

Above is a selection of photos taken on the 20 June 2024 at the 12th ESM Board of Governors Annual Meeting.