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Luxembourg – European Financial Stability Facility today tapped a 7-year bond launched on 24 April 2012 maturing on 2 May 2019 for an amount of €1 billion. The issuance spread at reoffer was fixed at mid swap plus 75 basis points. This implies a reoffer yield for investors of 2.409%. Barclays, Deutsche Bank and Société Générale CIB acted as lead managers for this tap and Deutsche Finanzagentur acted as Issuance Agent.
Luxembourg – EFSF has appointed Andres Sutt as Senior Advisor to the CEO Klaus Regling with effect from 20 June 2012. Mr Sutt previously worked at the IMF where he was Senior Advisor to the Nordic-Baltic Executive Director, a position that he has held since 2009.
Luxembourg – EFSF today placed a €1.5 billion short 25-year bond maturing on 3 April 2037. The issuance spread at reoffer was fixed at mid swap plus 130 basis points. This implies a reoffer yield for investors of 3.420%.
Christophe Frankel, CFO and Deputy CEO stated “the successful execution of this issue highlights investors’ trust in the EFSF name. By adding a 25-year issue today, EFSF now has a wide offering right across the yield curve”.
Luxembourg - European Financial Stability Facility today placed a €3 billion 3-year benchmark bond maturing on 01/06/2015. The issuance spread at reoffer was fixed at mid swap plus 18 basis points. This implies a reoffer yield for investors of 1.162%.
This bond by the EFSF was met with strong demand with orders received in excess of €4.5 billion from investors around the world.
Luxembourg – The European Financial Stability Facility (“EFSF”) has mandated Bank of America Merrill Lynch, Crédit Agricole CIB and Royal Bank of Scotland as joint lead managers for its 3-year benchmark bond due to be launched shortly, subject to market conditions. The three institutions were selected from the 51 banks that comprise the EFSF Market Group.
About EFSF
Luxembourg - European Financial Stability Facility today held its first tap via auction.
The auction was in relation to the reopening of the 5-year bond which was initially placed on 21 March 2012 for an amount of €4 billion. Today’s auction raised an additional €960 million. Investor demand was high with over €2.6 billion in bids received.
The weighted average price was 100.80% and the average yield was 1.83%. The bid/cover ratio was 2.7.
Luxembourg – The EFSF Board of Directors has considered today the next disbursements to Greece under the Financial Assistance Facility Agreement.
Luxembourg – EFSF has appointed Agnès Belaisch as Head of Economic and Market Analysis with effect from 1 May 2012. She previously worked as a Fund Manager in London where she was also Head of emerging market strategy.
Frankfurt am Main - European Financial Stability Facility today tapped a 20-year bond launched on 19 March 2012 maturing on 30 March 2032 for an amount of €1 billion. The issuance spread at reoffer was fixed at mid swap plus 105 basis points. This implies a reoffer yield for investors of 3.681%. It is the first time that EFSF has tapped an outstanding bond.
Barclays, Goldman Sachs and Unicredit acted as lead managers for this tap and Deutche Finanzagentur acted as Issuance Agent.
Frankfurt am Main - European Financial Stability Facility today placed a €3 billion 7-year benchmark bond maturing on 2 May 2019. The issuance spread at reoffer was fixed at mid swap plus 77 basis points. This implies a reoffer yield for investors of 2.654%.
HSBC, Morgan Stanley and Natixis acted as lead managers for this issue and Deutsche Finanzagentur acted as Issuance Agent.