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Luxembourg – The European Stability Mechanism (ESM) today issued a new €1 billion 40-year benchmark bond with a coupon of 1.85%, maturing on 1 December, 2055. The deal fills the remaining €500 million funding need for this year, while the other half will be used for the ESM’s 2016 funding programme.

Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today authorised the disbursement of €2 billion to Greece. This decision follows the Greek government’s completion of the first set of milestones. The disbursement approved today will primarily be used for debt service, as well as for arrears clearance, and co-financing projects funded by EU structural funds.

Informal Exchange of Views with the Economic and Monetary Affairs

Committee (ECON) of the European Parliament

Klaus Regling, Managing Director of the ESM

Brussels, 10 November 2015

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Dear Chairman Gualtieri, dear members of the Committee,

Luxembourg – The European Stability Mechanism (ESM) today issued a new €1.5 billion 21-year benchmark bond with a coupon of 1.625%, maturing on 17 November, 2036. It was the first deal in the 20-year area for the ESM, reducing the funding need for the remainder of the year to €500 million.

The spread at issuance was fixed at mid-swaps plus 10 basis points. This implies a reoffer yield for investors of 1.675%. DZ Bank, Goldman Sachs International and SG CIB acted as joint lead managers for the issue. The total book size was over €2 billion.

Ralf Jansen, ESM General Counsel

"The ESM, National Parliaments, and the European Parliament"

Interparliamentary Conference on Stability, Economic Coordination and Governance in the EU Luxembourg, 9 November 2015

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Ladies and gentlemen,

The Financial Landscape of the Euro Area After the Storm

Klaus Regling, 11th Cyprus Summit, 3 November 2015

Dear President Anastasiades, Dear Minister Georgiades, Ladies and Gentlemen,