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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.
The Minister for Finance, Mr. Michael Noonan T.D. today (17th of January 2014) held a very constructive meeting with Mr. Klaus Regling, Managing Director of the European Stability Mechanism (ESM).