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Introductory statement at ECON Committee of the European Parliament

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,

ESM issues 21-year €1.5 billion bond

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.

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

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,

Speech at the Economist's Cyprus Summit (Nicosia)

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,

Background note for Financial Stability Conference (Berlin)

Rolf Strauch, Member of ESM Management Board

"Macroprudential policy and euro area resilience" 1

Background note for panel intervention at Financial Stability Conference,

Berlin, 28 October 2015

 

ESM issues 5-year €4 billion bond

Luxembourg – The European Stability Mechanism (ESM) today issued a new €4 billion 5-year benchmark bond with a coupon of 0.1%, maturing on 3 November 2020. This reduces the funding need of the ESM for the remainder of 2015 to €2 billion.

The spread at issuance was fixed at mid swaps minus 12 basis points. This implies a reoffer yield for investors of 0.111%. Bank of America Merrill Lynch, Citi and UniCredit acted as lead managers for the issue. The total book size was in excess of €8.6 billion.

Interview with L'AGEFI Quotidien
Interview with €uro Magazine
Interview with BNR
ESM issues 30-year €3 billion bond

Luxembourg – The European Stability Mechanism (ESM) today issued a new €3 billion 30-year benchmark bond with a coupon of 1.75%, maturing on Oct 20 2045. It was the first 30-year bond for the ESM, in line with the institution’s goal to lengthen maturities.

The spread at issuance was fixed at mid swaps plus 25 basis points. This implies a reoffer yield for investors of 1.785%. BNP Paribas, Commerzbank and J.P. Morgan acted as lead managers for the issue. The total book size was in excess of €3.5 billion.