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Luxembourg – The European Financial Stability Facility (EFSF) completed a dual-tranche tap transaction today. The two bonds reopened were the EFSF 0.25% bond maturing in October 2017, and the EFSF 1.20% bond maturing in February 2045.
The EFSF 0.25% October 2017 bond was tapped for €2 billion, bringing the total size of the issue from €3 billion to €5 billion. The reoffer yield for investors of was 0%.
Luxembourg – The European Financial Stability Facility (EFSF) placed today a €3 billion 10-year bond maturing on 28 April 2025. The issuance spread was fixed at mid swap minus 22 basis points. This implies a reoffer yield for investors of 0.239%. The coupon rate is 0.20%.
Deutsche Bank, BNP and Natixis acted as lead managers. The issuance attracted good demand from high-quality investors worldwide.
Presentation by Klaus Regling at the Peterson Institute for International Economics
Klaus Regling
Managing Director of the ESM Speech at the Seminar
in Lisbon on “Governance and Policies for Prosperity in Europe”
Panel II: Which institutions are needed?
(Please check against delivery)
The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2014. Additionally, it contains an external auditor's report and a report of the Board of Auditors.