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Luxembourg – The European Financial Stability Facility (EFSF) today tapped an existing 10-year bond that was placed earlier this year and matures on 27 June 2024 for €1.5 billion. This tap brings the total size of the issue to €4.5 billion. 

The issuance spread at reoffer was fixed at mid swap minus 1 basis point. This implies a reoffer yield for investors of 0.956%.

Luxembourg – The European Stability Mechanism (ESM) has appointed Sebastien Levy to the position of Head of Investment and Treasury. For the past three years, Mr Levy was the head of Banque de France Reserves Management Division.

Interview with Klaus Regling, Managing Director, ESM 

Published in Politis (Cyprus)

9 November 2014