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EFSF taps two bonds for total of €3 billion

Luxembourg – The European Financial Stability Facility (EFSF) completed a dual-tranche tap transaction today. The two bonds reopened were the EFSF 0.125% bond maturing in November 2019, and the EFSF 1.20% bond maturing in February 2045.

The EFSF 0.125% November 2019 bond was tapped for €1.75 billion, bringing the total size of the issue from €2.25 billion to €4 billion. The issuance spread was fixed at minus 9 basis points, which implies a reoffer yield of -0.099%.

Interview with Le Figaro

Interview with Klaus Regling, Managing Director, ESM

Published in Le Figaro

25 January 2016
 

EFSF issues 5-year €3 billion bond

 Luxembourg – The European Financial Stability Facility (EFSF) today issued a new €3 billion 5-year benchmark bond with a coupon of 0.1 percent, maturing on Jan 19, 2021. This is the first deal of the year by the EFSF or the ESM. The EFSF’s total funding needs for this year are €14 billion.

ESM Board of Directors approves €1 billion disbursement to Greece

Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today authorised the disbursement of €1 billion to Greece. This disbursement, which follows the Greek government’s completion of the second set of reform milestones, will be used by the government for debt service, budget financing, and co-financing projects funded by EU structural funds.

Interview with Frankfurter Allgemeine Zeitung
FAZ: Mr. Regling, after the euro area states agreed on a new, third loan programme for Greece in July, the [German] Federal Finance Minister made clear for some time that he thought Grexit would have been a better solution. What was your opinion at the time?
"Zukunftsfragen der Europäischen Währungsunion"

Presentation at the "30. Internationales Zinsforum", Frankfurt, by Klaus Regling, Geschäftsführender Direktor des Europäischen Stabilitätsmechanismus (ESM)

 

Second Annual BRICS Economic Think Tank Forum, Beijing

Rolf Strauch, Member of ESM Management Board

"Towards a stronger Global Financial Safety Net: Lessons from euro area programmes"1

Speech at the second annual BRICS Economic Think Tank Forum

Beijing, 12 December 2015

Dear conference organisers – Mr. Daokui Li and Mr. Marc Uzan,

Dear Ladies and Gentlemen,

It is a great pleasure for me to participate in this panel alongside such distinguished fellow speakers.

ESM Board of Directors approves €2.71 billion disbursement to recapitalise National Bank of Greece

Luxembourg – The ESM Board of Directors decided today to release €2.71 billion to Greece to recapitalise National Bank of Greece (NBG). This amount will be subtracted from the funds designated to cover potential resolution and recapitalisation costs of the banking sector, part of the ESM financial assistance granted to Greece in August.

The euro turns 20
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The ESM Book
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