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Brussels – The Board of Directors of the European Stability Mechanism (ESM) approved today the voluntary request by Spain to make an early repayment of €1.3 billion of its ESM loan for the recapitalisation of the Spanish banking sector. It is the first time that a euro area country that benefited from a financial assistance programme has requested to make a repayment ahead of schedule.

Bruselas – El Consejo de Administración del Mecanismo Europeo de Estabilidad (MEDE) aprobó hoy la solicitud voluntaria de España para realizar una devolución anticipada de €1,3 mil millones de su préstamo para la recapitalización del sector bancario español.

Por primera vez un país de la zona euro que se benefició del programa de asistencia financiera solicita realizar un pago de su préstamo antes de lo previsto.

Βρυξέλλες – Το Διοικητικό Συμβούλιο του Ευρωπαϊκού Ταμείου Χρηματοοικονομικής Σταθερότητας (ΕΤΧΣ)/(EFSF) ενέκρινε σήμερα την εκταμίευση 1 δισ. ευρώ προς την Ελλάδα, λαμβάνοντας υπόψη την πλήρη υλοποίηση των προαπαιτούμενων δράσεων που είχαν αποφασιστεί τον Απρίλιο 2014.

Brussels – The Board of Directors of the European Financial Stability Facility (EFSF) approved today the disbursement of €1 billion to Greece, taking into consideration the full implementation of a set of milestones agreed in April 2014.

Luxembourg – The European Stability Mechanism (ESM) today conducted a tap auction of a €3 billon 10-year bond maturing on 20 November 2023. An additional €990.75 million was issued, bringing the total size of the existing 2.125% bond to €3.99075 billion.

The weighted average price was 106.18% and the average yield was 1.42%. The bid/cover ratio was 3.9. Bids for the auction were transmitted through the Deutsche Bundesbank’s ESM Bidding System (EBS).

Luxembourg – The Board of Governors of the European Stability Mechanism (ESM) held its second Annual Meeting today at the ESM office in Luxembourg and approved the ESM Annual Report for 2013. The Board of Governors comprises the 18 euro area Finance Ministers.

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €3 billion 3-year bond maturing on 18 October 2017. The issuance spread was fixed at mid swap minus 8 basis points. This implies a reoffer yield for investors of 0.386%. The coupon rate is 0.25%

Barclays, Natixis and Unicredit acted as lead managers. The issue has drawn very strong demand, approaching €8 billion in orders received from investors worldwide. It is the first 3-year bond issued by the EFSF since March 2013.

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €3 billion 10 -year benchmark bond maturing on 27 June 2024. The issuance spread was fixed at mid swap plus 19 basis points. This implies a reoffer yield for investors of 1.811%. The coupon rate is 1.75%

Deutsche Bank, Morgan Stanley and Nomura acted as lead managers. The issue has drawn high quality demand, approaching €5 billion in orders received from investors worldwide.

Luxembourg – The EFSF financial assistance programme for Portugal officially ends today with a successful programme exit. This follows the disbursement of €26 billion by the EFSF over three years to support macroeconomic adjustment in Portugal.