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(Luxembourg) - The European Stability Mechanism (ESM) raised €2 billion with a new 10-year bond on Monday.
The 2.75% 26 February 2035 maturity bond achieved a strong order book in excess of €8.5 billion, excluding joint lead manager interest. The spread was fixed at mid-swaps plus 42 basis points, for a re-offer yield of 2.859%.
(Luxembourg) - The European Stability Mechanism (ESM) raised €2 billion with a new 10-year bond on Monday.
The 2.75% 26 February 2035 maturity bond achieved a strong order book in excess of €8.5 billion, excluding joint lead manager interest. The spread was fixed at mid-swaps plus 42 basis points, for a re-offer yield of 2.859%.
Sarah Fouqueray-Carrick, ESM Investor Relations Team Lead and Carolina Orgaz, ESM Senior Investor Relations Officer
“The strategic importance of investor relations Transparency, trust, and innovation as pillars of engagement with investors”
Article published in CMD Portal
Title: Asset-Quality-at-Risk
Summary: The paper introduces a novel approach to predicting future asset quality deterioration in euro area banks: "asset-quality-at-risk"
Authors: Alessandra Donini, Giulia Fusi, Mattia Picarelli (all ESM)
The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 17 February 2025
Bidding period: Tuesday, 18 February 2025, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 20 February 2025
(Luxembourg) – The European Stability Mechanism (ESM) has appointed Jun Dumolard as Head of Funding and Investor Relations. He will assume the position on 1 May 2025.
(Luxembourg) - The European Stability Mechanism (ESM) has appointed Yana Djoneva to the position of Chief Operating Officer (COO) and Member of the Management Board. Ms Djoneva will assume her duties on 1 March 2025.
Title: A survey-based measure of asymmetric macroeconomic risk in the euro area
Summary: This paper derives a measure of perceived economic risks in the euro area from a large set of survey-based indicators and demonstrates its relevance for forecasting and business cycle dynamics.