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 Luxembourg – The European Financial Stability Facility today tapped a bond, initially placed on 24 July 2013 maturing on 31 July 2018 for an amount of €2 billion. This tap brings the total size of the issue to €6 billion.

The issuance spread at reoffer was fixed at mid swap plus 4 basis points. This implies a reoffer yield for investors of 0.919%.

Citi, Deutsche Bank and Unicredit acted as lead managers for this tap.

Riga – On the occasion of the forthcoming accession of the Republic of Latvia to the European Stability Mechanism (ESM), the Latvian Finance Minister Andris Vilks and ESM Managing Director Klaus Regling met today in Riga. At the Finance Minister’s invitation Mr. Regling is in Riga for talks today and tomorrow. He will also meet with the Prime Minister, the Central Bank Governor and Members of the Latvian Parliament.

Luxembourg – The European Stability Mechanism (ESM) today placed a €6 billion 7-year benchmark bond with a coupon of 1.375% maturing on 4 March 2021. The issuance spread at reoffer was fixed at mid swap plus 7 basis points. This implies a reoffer yield for investors of 1.514%.

Crédit Agricole, Goldman Sachs International and Société Générale acted as joint lead managers for this syndicated issue.

The bond was met with very strong interest, with more than €9.6 billion in orders received from investors worldwide.

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €4 billion 10-year bond maturing on 19 February 2024. The issuance spread was fixed at mid swap plus 24 basis points. This implies a reoffer yield for investors of 2.150%. The coupon rate is 2.125%.

Barclays, BNP Paribas and J.P. Morgan acted as lead managers. The issue has drawn strong demand, with €5.3 billion in orders received from investors worldwide.