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Luxembourg – The European Financial Stability Facility (EFSF) announces the appointment of HSBC, Morgan Stanley and Natixis as joint lead managers for its next issue. The banks have been chosen from the 51 banks that comprise the EFSF Market Group. The scheduled 7-year benchmark bond is due to be launched shortly, subject to market conditions. This will be EFSF's first 7-year bond.
Frankfurt am Main - European Financial Stability Facility today placed a €4 billion 5-year benchmark bond maturing on 15 May 2017. The issuance spread at reoffer was fixed at mid swap plus 38 basis points. This implies a reoffer yield for investors of 2.061%.
This 5-year bond by the EFSF was met with strong demand with orders received of approximately €12.8 billion from investors around the world.
Citigroup, Nomura and Unicredit acted as lead managers for this issue and Deutsche Finanzagentur acted as Issuance Agent.
Luxembourg – The European Financial Stability Facility (“EFSF”) has mandated Citigroup, Nomura and Unicredit as joint lead managers for its €4 billion 5-year bond due to be launched shortly, subject to market conditions. The three institutions were selected from the 50 banks that comprise the EFSF Market Group.
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Frankfurt am Main – European Financial Stability Facility (EFSF) today held a 6-month bill auction. The auction was met with very strong demand attracting over €5.2 billion in bids of which over €2.6 billion were non-competitive. The bid/cover ratio was 2.7.
EFSF sold €1.9394 billion in 6-month bills at a weighted average price of 99.89697% with a maturity date of 20 September 2012 (182 interest days). The weighted average yield was 0.204 %. Settlement date is Thursday 22 March (T+2).
Frankfurt am Main - European Financial Stability Facility today placed a €1.5 billion 20-year benchmark bond maturing on 30 March 2032. The issuance spread at reoffer was fixed at mid swap plus 115 basis points. This implies a reoffer yield for investors of 3.956%.
This first 20-year bond placed by the EFSF was met with strong demand with orders received close to €4.8 billion from investors around the world.
BNP Paribas, Commerzbank and DZ Bank acted as lead managers for this issue and Deutsche Finanzagentur acted as Issuance Agent.
Frankfurt am Main – European Financial Stability Facility (EFSF) today held a 3-month bill auction. The auction was met with strong demand attracting over €6.823 billion in bids of which € 3.758 billion were non-competitive. The bid/cover ratio was 2.0.
EFSF sold €3.4427 billion in 3-month bills at a weighted average price of 99.98697% with a maturity date of 7 June 2012 (91 interest days). The weighted average yield was 0.0516 %.
Frankfurt am Main – European Financial Stability Facility (EFSF) today held a 6-month bill auction. The auction was met with very strong demand attracting over €6.208 billion in bids of which over €2.424 billion were non-competitive. The bid/cover ratio was 3.1.
EFSF sold €1.9902 billion in 6-month bills at a weighted average price of 99.90363% with a maturity date of 23 August 2012 (182 interest days). The weighted average yield was 0.1908%. Settlement date is Thursday 23 February (T+2).
Luxembourg – Today the European Sovereign Bond Protection Facility (ESBPF) was launched.
On 26 October 2011, Heads of State or Government of the euro area Member States agreed on two options for the purpose of leveraging the resources of EFSF. The first option will provide partial risk protection certificates to newly issued sovereign bonds of a euro area Member State.
Frankfurt am Main – European Financial Stability Facility (EFSF) today held a 6-month bill auction. The auction was met with very strong demand attracting over €4.6 billion in bids of which over €1.176 billion were non-competitive. The bid/cover ratio was 3.1.
EFSF sold €1.501 billion in 6-month bills at an average price of 99.86550% with a maturity date of 19 July 2012 (182 interest days). The weighted average yield was 0.2664 %. Settlement date is Thursday 19 January (T+2).
Luxembourg – EFSF takes note of the decision by Standard and Poor's to downgrade the EFSF's long-term rating to AA+.
At the same time, Standard and Poor's also affirms that the EFSF's short term rating remains unchanged at the highest possible level of A-1+.
EFSF continues to be assigned the best possible long-term and short-term credit rating by Moody’s (Aaa) and Fitch (AAA) underlining the solidity of EFSF. Neither rating agency has indicated any rating action for EFSF in the immediate future.