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Frankfurt am Main - European Financial Stability Facility today placed a €3 billion 3-year benchmark bond maturing on 4 February 2015. The proceeds will be used in conjunction with the financial assistance programmes for Republic of Ireland and Republic of Portugal. The issuance spread at reoffer was fixed at mid swap plus 40 basis points. This implies a reoffer yield for investors of 1.770 %.

This first 3-year bond placed by the EFSF was met with strong demand with orders received close to €4.5 billion from investors around the world.

Luxembourg - The European Financial Stability Facility (EFSF) announces the appointment of Credit Suisse, Deutsche Bank and Société Générale Corporate & Investment Banking as joint lead managers for its next issue. The banks have been chosen from the 47 banks that comprise the EFSF Market Group. The scheduled €3 billion 3-year benchmark bond is due to be launched shortly, subject to market conditions. The proceeds will be used in conjunction with the financial assistance programmes for Republic of Ireland and Republic of Portugal.

Frankfurt am Main – As part of its short-term funding programme, European Financial Stability Facility today held its first bill auction. The auction was met with very strong demand attracting over €6.2 billion in bids of which over €2 billion were non-competitive. The bid/cover ratio was 3.2.

EFSF sold €1.971 billion in 3-month bills. The average price for the EFSF 3-month bills was 99.94386% with a maturity date of 15 March 2012 (91 interest days). The weighted average yield was 0.2222%. Settlement is 15 December 2011 (T+2).

Luxembourg – In order to increase flexibility in its funding strategy, EFSF announces the launch of a short-term funding programme focusing on 3, 6 and 12 month bills. Other bill tenors may be developed in time. The first auction is expected to take place before year end.

Klaus Regling, CEO of EFSF stated “The launch of a short-term funding programme is in line with the enlarged scope of activity of EFSF to use its new instruments efficiently.” He also underlined: “The bill programme will not substitute the long-term bond programme, but it will add flexibility to it.”

Brussels/Luxembourg – Euro area Finance Ministers agreed on 29 November on the terms and conditions to extend EFSF’s capacity by introducing sovereign bond partial risk participation and a Co-Investment approach. Ministers also adopted amended EFSF guidelines concerning intervention in the primary and secondary debt markets and precautionary credit lines in order to use leverage. Klaus Regling CEO of EFSF commented “Both options are designed to enlarge the capacity of the EFSF so that the new instruments available to the EFSF can be used efficiently”.

Frankfurt am Main – European Financial Stability Facility today placed a €3 billion long 10-year benchmark bond maturing on 4 February 2022 to fund the EFSF’s second disbursement as part of the financial assistance programme to Ireland.

The issuance spread at reoffer was fixed at mid swap plus 104 basis points. This implies a reoffer yield for investors of 3.591%.

In spite of the recent market volatility, the issue was met with solid demand with orders received in excess of €3 billion from real money investors around the world.

Luxembourg – The European Financial Stability Facility (EFSF) announces the appointment of Barclays, Crédit Agricole CIB and JP Morgan as joint lead managers for its next issue due to be launched shortly, subject to market conditions. The proceeds will be used in conjunction with the financial assistance programme for Republic of Ireland. The three institutions were selected from the 47 banks that comprise the EFSF Market Group.

Christophe Frankel, Deputy CEO and CFO of EFSF stated “as a relatively new issuer, we need to continue building long-term demand”.

Luxembourg – Following the official entry into force of the Amendments to the EFSF Framework Agreement on 18 October 2011, all three credit rating agencies affirmed the best possible credit rating – Standard & Poor’s “AAA”, Moody’s “(P)Aaa” and Fitch Ratings “AAA” – to the EFSF.

All three agencies have also assigned the highest quality short term rating to the EFSF – Standard & Poor’s “A-1+”, Moody’s “(P)P-1” and Fitch Ratings “F1+”.

Luxembourg - Following parliamentary approval by Slovakia, the amendments to the EFSF’s Framework Agreement have now been ratified by all 17 Member States. EFSF stands ready to implement its new scope of activity once it has received the amendment confirmations by all euro area Member States in writing. Klaus Regling, CEO of EFSF commented, “after the successful completion of all political approval procedures the EFSF and its Board will finalise quickly all necessary guidelines and procedures to be able to use the new instruments in the near future.”

Luxembourg - Following parliamentary approval by Slovakia, the amendments to the EFSF’s Framework Agreement have now been ratified by all 17 Member States. EFSF stands ready to implement its new scope of activity once it has received the amendment confirmations by all euro area Member States in writing. Klaus Regling, CEO of EFSF commented, “after the successful completion of all political approval procedures the EFSF and its Board will finalise quickly all necessary guidelines and procedures to be able to use the new instruments in the near future.”