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Thursday, February 8, 2018

New 10-year Bond by EFSF ..



Press Release - 07/02/2018  -  EFSF raises €3 billion in new 10-year bond

Luxembourg - The European Financial Stability Facility on Wednesday raised €3 billion in a new 10-year bond, leaving just €1 billion in funding needs for the remainder of the quarter.

“Today’s deal was a very successful step towards completing the EFSF’s first-quarter funding needs. Order books were strong despite the market turmoil this week, enabling us to price the deal at a level benefiting current and former programme countries,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.

The spread of the 0.95% bond, which will mature in February 2028, was fixed at mid swaps minus 10 basis points, for a reoffer yield of 0.995%. Order books were in excess of €14 billion.

Bookrunners for the deal were Deutsche Bank, J.P. Morgan and Natixis.



©2018, European Stability Mechanism



page source https://www.esm.europa.eu/