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At October's International Monetary Fund annual meeting in Tokyo, European Stability Mechanism head Klaus Regling discussed the outlook for the ESM and the euro with institutional Investor International Editor Tom Buerkle. 

Luxembourg – European Financial Stability Facility today tapped a 7-year bond, initially placed on 24 April 2012 maturing on 2 May 2019, for an amount of €1.5 billion. This is the second tap of this 7-year bond following a first tap held on 20 June. This brings the total new issue size to €5.5 billion.

The issue spread at reoffer of today’s tap was fixed at mid swap plus 26 basis points. This implies a reoffer yield for investors of 1.440%.

Crédit Agricole CIB, DZ Bank and Goldman Sachs International acted as lead managers for this tap.

The Imf in Tokyo was a good opportunity for you to meet Asian investors and bankers. What is their perception of the Esm, the European stability mechanism, and of Europe? Are they still worried about the negative impact that the Eurozone crisis could have on world economy and world growth? 

Klaus Regling, head of the European Stability Mechanism, talks to Bloomberg Television's Linda Yueh about the European debt crisis, the role of the ESM and the outlook for Europe's economy and bond market.

Luxembourg – European Financial Stability Facility today placed a €5.9 billion 5-year benchmark bond maturing on 30 November 2017.

The issuance spread at reoffer was fixed at mid swap plus 23 basis points. This implies a reoffer yield for investors of 1.242%.

This 5-year bond by the EFSF was met with strong demand with over €12 billion in orders received from investors around the world.

Barclays, BNP Paribas and Goldman Sachs International acted as lead managers for this issue and Deutsche Finanzagentur acted as Issuance Agent.