Safety measures concerning the Coronavirus COVID-19. Read more about the measures.

x

Search

Authored on
EFSF issues €3 billion 3-year bond

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.

Interview with Nikkei Asian Review
EFSF issues benchmark €3 billion 10-year bond

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.

Portugal successfully exits EFSF programme

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.

“Ist die Euro-Krisevorbei?”,
ESM issues a €3 billion 5-year bond

Luxembourg – The European Stability Mechanism (ESM) today placed a €3 billion 5-year benchmark bond (5 years 5 months) with a coupon of 0.875% maturing on 15 October 2019. The issuance spread at reoffer was fixed at mid swap minus 3 basis points. This implies a reoffer yield for investors of 0.992%.

BofA Merrill Lynch, Citi and Deutsche Bank acted as joint lead managers for this syndicated issue.

The bond was met with very strong interest, with more than €8 billion in orders received from investors worldwide.

Interview with Phileleftheros
ESM reaches target level of €80 billion in paid-in capital

Luxembourg – The European Stability Mechanism (ESM) has now reached its target level of €80 billion in paid-in capital, as ESM Members transferred the final tranche of €15.7 billion. The payments were carried out in five tranches, starting in October 2012 when the ESM was inaugurated.

EFSF Board of Directors approves final disbursement to Portugal
Luxembourg – The Board of Directors of the European Financial Stability Facility (EFSF) approved today the disbursement of €1.2 billion to Portugal following the eleventh quarterly review of the macroeconomic adjustment programme. This will be the final instalment of EFSF financial assistance to Portugal. The first disbursement took place in June 2011, and the total amount disbursed by the EFSF is €26 billion, as agreed by ECOFIN in May 2011. The EFSF programme for Portugal will expire on 18 May.
EFSF Board of Directors approves €6.3 billion disbursement to Greece

Luxembourg – The Board of Directors of the European Financial Stability Facility (EFSF) approved today the disbursement of €6.3 billion to Greece, given full compliance with prior actions by Greece. This is the first tranche of the total €8.3 billion instalment approved by the Eurogroup on 1 April 2014, following the conclusion of the fourth review mission of Greece’s macroeconomic adjustment programme. After the present disbursement, total EFSF financial assistance for Greece will reach €139.9 billion.