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(Luxembourg) - The European Financial Stability Facility (EFSF) raised €7 billion on Monday in a dual-tranche bond transaction – more than one third of its €20 billion long-term funding programme for 2024. 

The EFSF raised €5 billion in a new long 5-year 2.625% bond, maturing on 16 July 2029. The spread was fixed at mid-swaps plus 11 basis points, for a reoffer yield of 2.724%. The order book was above €24 billion, excluding joint lead manager interest.

The European Financial Stability Facility (EFSF) raised €7 billion on Monday in a dual-tranche bond transaction – more than one third of its €20 billion long-term funding programme for 2024. 

The EFSF raised €5 billion in a new long 5-year 2.625% bond, maturing on 16 July 2029. The spread was fixed at mid-swaps plus 11 basis points, for a reoffer yield of 2.724%. The order book was above €24 billion, excluding joint lead manager interest.

Today, EFSF, the European Financial Stability Facility, rated Aaa (Moody’s) / AA- (Fitch) / AA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions